Capital items can be claimed for SR&ED even if they are partially used for commercial activities. It is a reality of business today that very few companies can afford to purchase large, expensive pieces of equipment or machinery to ONLY perform SR&ED. It simply isn’t cost effective, as many companies would much prefer actually making [...]
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Success-Based Fees in SR&ED: The Debate
Are success-based contingency fees draining money from innovators? In the wake of a number of articles outlining the abuse of SR&ED in the media, considerable attention has been focused on how consultants are being compensated. In response to the public outcry, the government has listened. It is my belief that there are two simple solutions that could easily [...]
Full Story »Your SR&ED Claim Made Easier: Editable SR&ED PDF Forms
Edit SR&ED forms on your computer. We’ve mentioned previously on SREDucation that, despite the best intentions of the program’s developers, applying to the SR&ED tax credit program often isn’t as simple or as clear-cut as it should be. There’s a seemingly endless stream of documents to be completed, an arsenal of CRA reviewers to liaise [...]
Full Story »How do you apply for the SR&ED Tax Credit?
The SR&ED process doesn’t have to be opaque. It was recently brought to our attention (thanks Lauren!) that while we have a great deal of information on SREDucation explaining exactly what the SR&ED program is, we could use more articles about actually applying to SR&ED. In this week’s post, we’ll be covering how the application [...]
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