Category:

SR&ED

January 3, 2014

5 Top Scientific Research & Experimental Development News Events of 2013

2013 was definitely a big year for the Scientific Research & Experimental Development (“SR&ED” or “SRED”) Tax Credit community. We kept you informed over the past year on the hot topics through our BeneFACT company blog, but we think the New Year is an excellent time to look back at the Top 5 most important Read more…

May 8, 2013

Don’t Miss the SR&ED Claim Filing Deadline – June 30th

The deadline to submit your SR&ED claim could be fast approaching. Do you have all your T’s crossed and I’s dotted? June 30th, 2013 marks the CRA absolute deadline for December 31, 2011 fiscal year-end claims. Around 70% of all claims submitted observe this date, making it the busiest time of year for the Scientific 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…

January 3, 2013

3 Ways to Get Better Acquainted with the SR&ED Program

SR&ED Tax Credit Program The SR&ED Tax Credit Program is all over the news right now, but how much do you really know about it? Did you know that even small companies and start-ups can successfully claim? It’s all about your passion for contributing to innovation in Canada. Even if your project fails, you can Read more…

December 28, 2012

CRA Announces the first Release of the SR&ED Policy Review Project

Another piece of the SR&ED puzzle has been put into place as the CRA releases part of the SR&ED Policy Review Project. In November of 2010, the Government of  Canada tasked the CRA to take a closer look at the administrative procedures and policies of the Scientific Research and Experimental Development Tax credit program. To give a proper and just Read more…

December 20, 2012

Canadian Industrial R&D Spending on the Rise in 2012

StatsCan releases promising R&D numbers for industrial innovation in Canada As we start to look toward a new year, it’s nice to stop and reflect on some of the positive steps made in the SR&ED world in 2012. Earlier in 2012, StatsCan released a report outlining the rise of industrial innovation in Canada. According to the report R&D expenditures rose to Read more…

December 7, 2012

Big Changes to SR&ED for Pharmaceutical Companies in Quebec

November has brought good news to the SR&ED front for biopharmaceutical companies in Quebec! Finance Minister Nicolas Marceau and the newly elected Parti Quebecois have tabled their first budget for 2013-2014, and included are changes to existing SR&ED Tax Program policies. The province of Quebec has increased the refundable SR&ED eligible salary of biopharmaceutical employees Read more…

December 3, 2012

SR&ED in the News: Globe and Mail Article Covers a Claimant’s First Time Filing

Doing research on the SR&ED Tax Program is quite easy these days. With all the legislative changes that are coming down the line there is an abundance of articles and information in the media. The Globe and Mail has been no exception. Just last week they published a great article by Chris Griffiths, “One Tax Read more…

November 30, 2012

UPDATE: Alberta SR&ED Changes

From the Archive: On July 16, 2012 the Alberta Treasury Board and Finance, Tax and Revenue Administration released a special notice regarding changes to the Alberta Scientific Research and Experimental Development (SR&ED) program. The special notice provides awareness of the expected amendments so that SR&ED claimants can familiarize themselves with the upcoming changes. The notice Read more…

November 29, 2012

No Smooth Sailing for Bill C-45

Opposition to Bill C-45 good news for SR&ED Tax Program. It’s no surprise that opposition has occurred in regard to the second Budget Implementation Act – otherwise known as Bill C-45. What is surprising is that the Liberals have submitted a staggering 3,000 amendments to the bill. This will likely cause the house to have to Read more…

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