Budget season is here. Following shortly after the federal budget which announced small changes that will increase the refunds for large, profitable firms the Ontario government has made an announcement which, on face value, sounds promising. We look at the statements that are made as well as the source Read more…
On March 19, 2019, the Liberal government Finance Minister, Bill Morneau, released the Federal Budget 2019. It proposed repealing the use of taxable income as a factor in determining a CCPC’s annual expenditure limit for the purpose of the enhanced SR&ED tax credit. As a result, small CCPCs with taxable Read more…
On February 27, 2018, the Liberal government Finance Minister, Bill Morneau, released the Federal Budget 2018. On February 27, 2018, the Liberal federal government Finance Minister, Bill Morneau, released the 2018 Budget.1 Prior to its publication, speculation across the media suggested that the budget would focus on gender equality, indigenous infrastructure, science Read more…
Comparing consultants–which is the best for your company? What are typical SR&ED consultant rates? This seems to be the eternal question–if I outsource my claim preparation what SR&ED consultant rates can I expect to pay? Short of inviting a slew of highly aggressive consultants into your office to pitch their Read more…
The Scientific Research and Experimental Development (SR&ED) program has existed since 1986. There were several predecessor programs, but the primary legislation associated with this program (Section 248(1) of the Income Tax Act) has not changed significantly over the last 30 years. That said, the SR&ED program has quietly evolved into Read more…