SR&ED and the Press The press has not always been kind to the SR&ED program. Since it is a government program distributing billions of taxpayer dollars, the media is quick to point out any problems that the program may have. On the other hand, there are also occasional glowing Read more…
In this article, we discuss which fields of science and technology are – and are not – eligible for SR&ED. It is very important that claimants understand the eligibility criteria for the SR&ED tax credits. Only certain fields of research are able to apply to receive these tax credits. Those Read more…
The SR&ED Tax Credit program is the single largest source of R&D funding in Canada: over $3 billion in tax incentives are distributed annually 1. The program supports Canadian businesses by encouraging industrial research and development. Administered by the Canada Revenue Agency, SR&ED claims must follow certain guidelines and of Read more…
In August 2012, the Department of Finance and the Canada Revenue Agency (CRA) jointly launched a discussion paper entitled Consultation Regarding The Impact of Contingency Fees on The Effectiveness of the Scientific Research and Experimental Development Tax Incentive Program. The study about SR&ED consultants and their role was announced in the Read more…
If you’ve applied for, or even just heard about the SR&ED tax credit you will be familiar with the five eligibility questions. These are the criteria by which the CRA determines whether or not your work qualifies and you are eligible for SR&ED Investment Tax Credits. (If you’re not Read more…