GPTZero team close Toronto Stock Exchange with Canada's Chrystia Freeland
At closing, Honourable DPM Freeland announced $26 billion in tax credits and reforms to Canada’s SR&ED incentive program, which fuels innovation like GPTZero.
On Friday, December 13, GPTZero’s Toronto-based machine learning team had the honour of closing the Toronto Stock Exchange alongside Deputy Prime Minister Chrystia Freeland. As Freeland today announced she’s stepping back from Prime Minister Justin Trudeau’s cabinet as finance minister, our team wishes to express support and gratitude for her continued commitments to advancing Canada’s economic position as a leader in technological innovation.
At closing on Friday, Deputy Prime Minister Freeland announced new reforms and $26 billion in credits to the Scientific Research and Experimental Development (SR&ED) tax incentive program. These long-awaited policy changes aim to make the expanded credits accessible to more startups and companies across Canada. Policies like SR&ED have been a critical part of making it possible for teams like GPTZero’s all-Canadian machine learning department to exist.
“A lot of Canada’s R&D relies on SR&ED today,” Freeland said. These recent changes make it “an even better source of support, particularly for innovative Canadian startups” like GPTZero.
Closing TSX on Friday marks an ongoing engagement between the Deputy Prime Minister and our team. Just a few months ago, Freeland visited GPTZero’s Toronto office, where she and her team met with our founders and engineers about the future of AI and educational technologies. You can read more about that visit here. That visit highlighted the unique pedigree of Canadian machine learning talent, from University of Toronto “godfather of AI” Geoffrey Hinton to GPTZero advisor Russ Salakhutdinov.
For GPTZero, closing the TSX represents much more than a ceremonial bell-ringing. We share DPM Freeland’s commitment to advancing policies that keep Canada a hub for AI innovation and technological leadership. We’re proud to develop tools that help educators, writers, and technologists worldwide distinguish between original human writing and AI-generated content.
Standing on the TSX podium with leaders shaping Canada’s future was both a privilege and a reminder of the responsibility we have as innovators. We look forward to working with Minister Freeland in future capacities to continue representing Canada’s talented technologists.
