What is a “specified employee” in SR&ED, and how does the understanding of this term impact an SR&ED claim? Small businesses account for just under 98 percent of all firms in Canada,1 and a 2005 survey by Canadian Advanced Technology Alliance (CATA) revealed that 69% of its respondents belonged to Read more…
What is “on behalf of” when referring to SR&ED contracts? Contractual agreements, whether between arm’s length or non-arm’s length entities, are a common occurrence in the business world, particularly in SR&ED research. In one of our previous articles, we discussed the disbursal of Investment Tax Credits (ITCs) between entities dealing Read more…
If you have never filed an SR&ED claim before you may not be aware that there are two methods available to you for filing your claim: proxy and traditional. Traditional is the default method that will be selected for you if you do not choose the proxy method on Line Read more…
The development of software is the subject of considerable debate at the CRA and, more generally, there is confusion about what does and does not qualify for SR&ED within this area. This post will delve deeper into software development in SR&ED. When applying for SRED tax credits the applicant must Read more…
The SR&ED tax credit program is the largest single source of R&D funding in Canada: over $3 billion in tax incentives are distributed annually.1 If you choose to access this program, it’s helpful to understand how applications are processed. What actually happens when an SR&ED claim is received by the Read more…