Category:

SR&ED

March 9, 2018

Understanding key SR&ED concepts: Experimental Development (ED) and Technical vs. Technological

The Scientific Research and Experimental Development (SR&ED) program has been around for a few decades now, but there continues to be a common misunderstanding about what the “ED” part of the acronym actually means in practice. First, let’s look at the definition: “Experimental development is work undertaken for the purpose of achieving technological advancement for Read more…

March 7, 2017

SR&ED Tax Credits for Gaming Companies

It is becoming well known that you don’t have to wear a lab coat in order to be eligible for the Scientific Research and Experimental Development Tax Credit Program. However, there are still industries where the program is not as prevalent as it should be given that many aspects of their related development projects may Read more…

January 5, 2017

SR&ED TAX CREDIT FOR AGRICULTURE & AGRO-FOODS

It’s true that most farming and agriculture activities are routine and would not normally qualify for the SR&ED tax credit. However, there are cases where SR&ED may be hidden and the activities would indeed be eligible. When analyzing whether an agricultural activity may qualify for SR&ED tax credits, it’s imperative to remember what the program Read more…

November 5, 2016

Foreign Companies Vying for SR&ED Credits

The SR&ED Tax Credit program was definitely created for Canadians doing innovative work in Canada, but what about foreign companies doing research and development on Canadian soil? Can they apply?The answer is yes. In fact, there are a couple of ways a foreign company may take advantage of the Scientific Research and Experimental Development Tax Credit. These include if they Read more…

July 2, 2016

SR&ED in Canada: A History

SR&ED in Canada was a key part of the country’s growth during the industrial revolution. Did you know that Industrial tax incentives in Canada have been in place since at least 1944? 1944-1986 Traditional tax deductions and tax credits for R&D are introduced. 1987-1993 Moderated abuses and a more simplified administration introduced. 1994-Present Clarified definition Read more…

May 6, 2016

SR&ED Tax Credits for Biotechnology and Life Sciences

Biotechnology and life sciences are perhaps the most obvious industries that come to mind when talking about the Scientific Research and Experimental Development (SRED or SR&ED) tax credit program. But exactly what qualifies under the program’s strict guidelines? Read on to learn about specific activities that may be eligible and easily missed. THE BASICS OF Read more…

April 1, 2016

Government to review SR&ED and other innovation support programs

The Scientific Research and Experimental Development (SR&ED) Tax Credit program has experienced many changes in the last decade. The most notable change came with the 2012 federal budget announcement, which included decreasing the proxy amount allowed for labour expenditures; the allowance for arm’s length contractor expenditures; and the federal rate provided to large corporations. These Read more…

March 7, 2016

The Ontario 2016 Budget is Reducing Your SR&ED Rates

The Ontario 2016 Budget was announced to the legislature and Ontarians on February 25, and with it comes some adjustments to the SR&ED program. Two of the Ontario provincial SR&ED tax credits are being reduced for taxation years ending on or after June 1, 2016. The Ontario Innovation Tax Credit (OITC) is being decreased from Read more…

January 21, 2016

Managing large SR&ED claims and getting every eligible dollar

Getting a SR&ED claim submitted and approved is one thing, but to feel certain that you are set to receive the highest claim amount possible is another thing altogether. The problem of identifying every eligible expenditure is compounded when attempting to prepare a claim for a large organization. Many of eligible SR&ED claimants with the Read more…

July 21, 2015

Get a higher SR&ED return with the track and stack method

Knowing how to properly calculate eligible expenditures while still maximizing your SR&ED claim is something every consultant worth their salt can do for their clients. SR&ED claims get significantly more complex when you are applying different provincial and federal SR&ED rates, as well as considering other financial assistance you have received within a given fiscal Read more…

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