Industrial research and development characteristics, 2014 (intentions)

Press Release –

Spending intentions on industrial research and development, 2014

Business enterprises in Canada anticipate spending $15.4 billion to perform research and development (R&D) activities in 2014, down 0.9% from 2013 intentions. Recovery from the 2008 economic downturn continues to be slow and business enterprises did not anticipate increasing R&D spending levels for 2014.

Industrial R&D spending is composed of two main categories, current and capital R&D spending. In 2014, current R&D spending is expected to total $14.3 billion, representing 93% of total industrial R&Dspending. Wages and salaries will account for $9.5 billion. The remaining $4.8 billion will be directed to other current costs, such as the purchase of non-capital materials, contracts for on-site consultants and products required to support R&D activities.

Spending on capital R&D, such as machinery, equipment, land and buildings, is anticipated to be $1.1 billion in 2014 and to account for 7% of total industrial R&D spending. This proportion has hovered around 7% since 2002, after decreasing from 11% in 2001.

Read more: http://www.statcan.gc.ca/daily-quotidien/140819/dq140819a-eng.htm