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June 12, 2013

Your Business Qualifies: SR&ED Tax Credit for Biotechnology & 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…

June 3, 2013

How Much You Lose by Giving up on SR&ED

One of the most interesting aspects of exhibiting at PACKEX 2013 was the opportunity to hear stories about past Scientific Research & Experimental Development (SR&ED or SRED) tax program experiences from attendees. Unfortunately, some of these stories did not have a happy ending. Giving up on SR&ED It’s true that SR&ED is a complicated process. Read more…

May 23, 2013

SR&ED for your Industry: Gaming

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…

April 11, 2013

BeneFACT Reviews SR&ED in the Green Space

One of the great aspects about SR&ED tax credits and benefits is that it can be accessed by a wide variety of sectors. Automotive, biotech and agricultural industries have all enjoyed the benefits of SR&ED, but what about those trying to help our world stay clean and green? Read below as BeneFACT reviews SR&ED benefits Read more…

March 22, 2013

Your Business Qualifies: SR&ED Tax Credit for Agriculture & Agro-Foods

  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 Read more…

March 18, 2013

How SR&ED Tax Credits and Benefits Ease the Financial Burden of Your Startup

Starting up a new business in Canada can be tough sledding. It’s a challenge anywhere, really, but in Canada there are even more obstacles. Unlike their southern counterparts, Canadian businesses encounter many roadblocks in the crowdfunding game. In the US, this form of funding has catapulted businesses, otherwise not able to make their vision work, Read more…

March 14, 2013

Automotive Innovation Receives Further Funding for R & D

Late last month, the Government of Canada announced its plan to provide over $11 million in funding toward specific R & D projects in the automotive sector, with most funding being supplied by Automotive Partnership Canada. Minister of State (Science & Technology), Honourable Gary Goodyear appeared at the University of Waterloo to make the announcement. Read more…

March 8, 2013

Tech Companies Not the Only Players in the Innovation Field

Think traditional companies are losing the innovation race? Think again. The Globe and Mail recently published an article, Traditional Companies Getting in on the Innovation Push by Tavia Grant that explores how traditional companies are making a comeback in the innovation realm. In January, The Boston Consulting Group released their report outlining the Top 50 Read more…

February 26, 2013

Do Small Firms Receive Too Much From The SR&ED Tax Credit Program?

Last month, The Financial Post published an article in the Comment section that caused quite a stir in the SR&ED tax credit community. In Too Much Support for Small R&D, John Lester discusses his belief that the, “35% enhanced Scientific Research and Experimental Development credit available to smaller firms fails to deliver a net benefit Read more…

May 8, 2012

Contingency Fees – Are They Really A Problem?

Since the release of the 2012 Federal Budget on March 29, 2012, there has been a lot of talk about the concerns regarding contingency fees charged by SR&ED consultants. The government is concerned these so called contingency fees are weakening the benefits of the SR&ED tax incentive. Are they really that big of a problem? Read more…

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