Category:

SR&ED

April 21, 2015

Owner-Manager Compensation and How it Impacts SR&ED

Over the years, we’ve seen any number of owner-manager compensation structures other than just taking straight payroll. The most common arrangements are: Taking dividends; Paying themselves as contractors rather than employees; and Paying a fee-for-services to a wholly-owned holding company. Each of these forms of payment has implications on the company’s SR&ED claim. Dividends Simply Read more…

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…

April 1, 2015

Quebec Slashes SR&ED Program Twice in 2014 – Benefits Eliminated for Smallest 40% of Claimants!

SR&ED Program Rate Changes Effective June 4, 2014 The first cut was announced in the 2014-2015 Quebec Budget on June 4, 2014.  For expenditures incurred prior to June 5, 2014, the R&D salary credit is reduced from 17.5% to 14%.  Canadian controlled corporations with total assets of less than $75 million could qualify for a 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…

August 7, 2014

Shredding More Common Misconceptions About SR&ED

Are You Sure You’re Getting the Money You Deserve? In our last post, we highlighted some of the common misconceptions that are preventing Canadian firms from taking full advantage of some of the richest R&D incentives in the world, available under the Scientific Research and Experimental Development (SR&ED) tax credit program. We still have several Read more…

June 20, 2014

SR&ED Claim Filling Deadline – June 30th

Are you ready?     The deadline to submit your SR&ED claim is approaching full speed ahead… All aboard!  Administered by the Canada Revenue Agency (CRA), the Scientific Research and Experimental Development (SR&ED)  program is the most generous of its kind in the world! Over $3 billion is paid out annually to over 20,000 corporate participants.  However, there are still a 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…

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