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February 13, 2014

SR&ED Tax Program Left Out of the 2014 Budget

Back in January, our BeneFACT company prediction was that the 2014 budget would be fairly light on mention of the SR&ED Tax Program. That point proved true on Wednesday, when the 2014 budget was tabled. The Scientific Research & Experimental Development tax credit program (“SR&ED Tax Program” or “SRED”), was noticeably absent from this year’s Read more…

February 7, 2014

Confidentiality Taken Seriously with New T661 SR&ED Form Part 9 Filing Measure

Back in October 2013, CRA released a new version of the T661 SR&ED form that included the addition of Part 9 – SR&ED Preparer Information. This new section of the form was the talk of the community as it raised a few concerns about confidentiality if a separate entity from the preparer was filing the Read more…

February 3, 2014

BeneFACT Company Team Players: What it takes to be a SR&ED Consultant

With so many different aspects of putting a SR&ED claim together, a good firm needs to have a multi-talented staff. For this post, let’s take a closer look at the engineers working on the claim. BeneFACT Consulting Group is one of Canada’s largest independent SR&ED consultancy firms, meaning we have the luxury of employing engineers Read more…

January 27, 2014

Maximizing your R&D Funding: The Danger of Double Dipping

Getting R&D funding from the government is a great way to not only put finances back into your business, but keep the Canadian innovation cycle going (should the benefits be put back into the next project). In Canada, there are over 200 government funding opportunities available, with one of the most lucrative being SR&ED tax Read more…

January 17, 2014

Jeans Equals Donations During BeneFACT Company Casual Fridays

Being part of a professional community like SR&ED, means dressing the part. Most days at BeneFACT, especially when client meetings are involved, we like to dress up a bit: Dress pants or suits, skirts, button shirts or more formal-looking sweaters are the norm around the BeneFACT company office. However, every other Friday we get to Read more…

January 10, 2014

Looking to the Future: SR&ED Tax Credit Program Predictions for 2014

The buzzword for 2014: DOCUMENTATION. The SR&ED community witnessed some pretty intense changes to the program this year. These changes included revisions to certain lines and an additional part on the T661, the elimination of capital equipment eligibility, and lowering of the proxy. But that was 2013. Where do we see the SR&ED Tax Credit Read more…

December 30, 2013

BeneFACT Company Holiday Party 2013 Enjoyed By All!

The winter weather may have made the outside conditions bleak, but it was warm and bright inside at the BeneFACT Company Holiday Party! This year, BeneFACT team members were invited to bring along their families to the festivities at The Ballroom in downtown Toronto. The Ballroom offered some great activities including pool and bowling – Read more…

December 23, 2013

Happy Holidays from All of Us at BeneFACT Consulting Group!

Happy Holidays from all of us at BeneFACT Consulting Group! From our BeneFACT family to yours, we would like to wish you a safe and happy holiday season, and a prosperous 2014! Please note our offices will be CLOSED on the following days: December 25 December 26 January 1

December 20, 2013

Last Chance for SR&ED Capital Purchases

Think all your holiday shopping is done? You may want to think again if you’re involved in R&D in Canada! December 31st, 2013 is the final day companies are able to claim capital expenditures as part of the Scientific Research & Experimental Development tax credit program (known as “SR&ED” or “SRED”). This is just one Read more…

December 13, 2013

The Holiday Spirit Comes Alive at the Annual BeneFACT Company Tree Decorating

The holiday spirit is alive and well during the BeneFACT Company Tree Decorating Party! Each year, we all look forward to the BeneFACT Company Tree Decorating party, and this year’s fete again proved to be a success. The BeneFACT team all pitched in to not only help trim the tree in our front reception area, Read more…

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