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a. They encourage firms to invest more in research and development in order to boost technology. Grants from Canadian Nationa

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a) Tax credits on R$D cost. By providing tax credits on research and development cost, firms are encouraged more to invest in R$D.

b) Lower tax rates on income earned through savings.

Income earned through savings is the interest earned on savings. By lowering the tax on interest, individuals are encouraged to save more.

c) Registered education savings plan

It is a plan sponsored by Canadian government to encourage parents to invest in child's post secondary education.

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