On June 7, 2021, the “What’s New – SR&ED Program” page on the Canada Revenue Agency’s (CRA) page released information on filing extensions for income tax returns and scientific research and experimental development (SR&ED) investment tax credits (ITCs) that had...
Read moreThe Canada Revenue Agency (CRA) recently released detailed guidance on how the Canada emergency wage subsidy (CEWS) affects scientific research and experimental development (SR&ED) investment tax credit (ITC) claims. CEWS is one of many COVID-19 support programs available, designed to...
Read moreOn Thursday, February 11, 2021, the Manitoba Crop Alliance (MCA) held its inaugural Annual General Meeting (AGM) where it passed a pair of resolutions. One resolution named the MCA as the agent for producers for the scientific research and experimental development...
Read more
We are often asked by clients, “Can you make a scientific research and experimental development (SR&ED) claim if you end up selling the product?” and “Can you claim any other costs for the time when there is no way to Read more…
As many taxpayers typically opt to use the Proxy method to calculate their returns, we thought it pertinent to delve further into how to calculate the Prescribed Proxy Amount (PPA), what exactly the PPA Cap is, and how they may Read more…
The Toronto West-Thunder Bay Tax Services Office (TSO) serves businesses from Hamilton, Kitchener-Waterloo, London, Mississauga, St. Catharines, Thunder Bay and Windsor who conduct scientific research and experimental development (SR&ED). They provide SR&ED seminars ranging from a general overview, eligibility criteria, Read more…
When most people think of the Scientific Research & Experimental Development (SR&ED) tax credit, their minds may turn to technology companies developing groundbreaking products or individuals working on scientific breakthroughs in lab coats. However, SR&ED is not just limited to Read more…