In this blog post, we discuss the cancellation of the SR&ED tax credit incentive program in Alberta’s 2019 budget released on October 24th and the reactions illustrated in the media. While some commentators have voiced their displeasure with the changes,...
Read moreLast March, the Department of Finance Canada released its 2018 Report on Federal Tax Expenditures. In previous years, the projected figures of the federal government’s revenue being spent on the SR&ED tax credit had been declining. What does this year’s...
Read moreThe last time that a major report came out offering recommendations to the SR&ED program, the effect was profound. In 2011, Innovation Canada: A Call to Action – colloquially known as the Jenkins Report was released. One of the recommendations...
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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 Read more…
When applying to the Canada Revenue Agency for Scientific Research & Experimental Development (SR&ED) investment tax credits, the information you provide in each section can ultimately decide its fate in the hands of a discerning CRA agent. Make sure you Read more…
When applying to the Canada Revenue Agency for Scientific Research & Experimental Development (SR&ED) investment tax credits, the information you provide in each section can ultimately decide its fate in the hands of a discerning CRA reviewer. Make sure you Read more…
The Strategic Aerospace and Defence Initiative (SADI) and SR&ED One program related to Scientific Research and Experimental Development (SR&ED) is the Strategic Aerospace and Defence Initiative (SADI). Both programs are designed to encourage research and development programs in Canada. There Read more…
Filling out Line 620 and Line 622 is necessary to indicate what you are claiming for SR&ED: basic or applied research, or technological development. In the CRA’s definition of SR&ED, basic research, applied research and technological development are separate. Select Read more…
It’s that time of year! With 2019 winding down, SR&ED Education and Resources will be going on a brief holiday hiatus while we gear up for what is sure to be an eventful 2020 for the Scientific Research & Experimental Read more…