Category:

SR&ED

April 14, 2015

Utilizing Forensic & Other Techniques to Maximize SR&ED Claims

Have you ever wondered why many firms that eligible for the SR&ED program are not maximizing their claims, year over year? The Scientific Research and Experimental Development (SR&ED) program is the largest tax incentive program administered by the federal government for companies of all sizes and firms in virtually all industry sectors.  The CRA pays Read more…

December 10, 2014

SR&ED and Due Diligence: Are you informed?

The term due diligence is often used by the Canadian Revenue Agency’s (CRA) Research and Technology Advisors (RTA) when auditing a Scientific Research and Experimental Development (SR&ED) claim. Yet, a clear definition as it relates to SR&ED, especially in the areas of technical and analytical work does not exist in the Income Tax Act (ITA). Read more…

November 14, 2014

Is it Getting Tougher for Firms to Claim SR&ED Funding?

The Scientific Research & Experimental Development (SR&ED) program is the largest tax incentive federal program, administered by the Canada Revenue Agency (CRA). It encourages Canadian business of all sizes and in virtually all sectors to conduct Research and Development (R&D) in Canada. Each year, the SR&ED program provides over $3.6 billion in Investment Tax Credits Read more…

November 4, 2014

The Early Bird Gets the SR&ED

Starting the SR&ED claim preparation process early has many benefits. The most obvious is that earlier preparation leads to earlier submission and getting the tax refund sooner but there are other benefits as well. Even so, every year countless SR&ED claimants leave their claim preparation until the last minute. The Consequences of Being Late   Read more…

August 18, 2014

SR&ED: Paying Yourself a Dollar Now Could Earn You Two Dollars Later…

  Planning Ahead For Next Year’s SR&ED Managing your company’s taxable income can more than double your SR&ED benefit by accessing enhanced investment tax credits that are available to small to medium sized Canadian Controlled Private Corporations (“CCPC”) based on certain size and income thresholds. The basic federal SR&ED credit is 15% and is only Read more…

May 12, 2014

The Importance of Owning your IP in SR&ED Credits

When running a business, one of the most important things you own is your IP (Intellectual Property). When you create products, you want the world to know that those products belong to you. But it’s not just a matter of pride, but also of legality and even how much SR&ED credits you can claim. Just Read more…

January 23, 2013

How Foreign Companies Take Advantage of SR&ED Benefits

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. Read more…

November 23, 2012

SR&ED in the News: Gaming Industry Featured in Recent Macleans’ Article

There are certain industries that seem to be a natural fit for the SR&ED Tax Credit Program. Gaming companies which involve development of product architecture through overcoming problems and SR&ED make a perfect match. Back in October, Macleans featured an article “How the Feds Help Small Game Developers: Tax Credits and Grants”, by Nick Taylor-Vaisey about game developer, Magmic, and Read more…

November 21, 2012

The Importance of Security with your SR&ED Claim

One of the biggest issues surrounding a SR&ED claim is the importance of keeping sensitive information absolutely secure. SR&ED claims are a synopsis of the innovation and technological advancements within specified industries, and the last thing a business owner would like is to see that information shared (accidentally or not), with a competitor. When considering hiring a third Read more…

November 19, 2012

You Could Be Missing Out By Doing SR&ED Alone

One of the biggest (and most costly) mistakes a company can make in regards to Scientific Research and Experimental Development tax claims is to attempt to go it alone.  As much as the SR&ED program was implemented to reward Canadian companies to expand on their innovative activities, the filing process itself is intimidating and complex. Read more…

1 2 3