What does the Bloomberg 2018 Innovation Index mean for Canadian innovation? While Trudeau’s Liberal, federal government has been championing an innovation agenda since being elected in 2015, the Bloomberg 2018 Innovation Index shows that Canada has fallen behind other nations in...
Read moreThe Canadian, Federal Budget 2018 emphasizes innovation, but is this to the detriment of its title aims: Equality and Growth? In the 2018 Federal Budget Plan, you will find that the words “innovation,” “innovative,” “innovators” and “innovate” appear approximately 260...
Read moreRaising living standards and improving productivity are central goals for countries around the world. In order to improve living standards and productivity;”innovation and technology play an important role in advancing economic potential.”1 However, what is the Canadian government doing to help...
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Properly tracking time spent by employees on SR&ED and non-SR&ED work is essential for any successful SR&ED claim; however, what method is most successful for time tracking? Ensuring your SR&ED claim is supported by contemporaneous documentation is crucial to whether it Read more…
What have government policy changes meant for SR&ED documentation? We have previously discussed how to keep contemporaneous documentation in our posts titled “Why do I need contemporaneous documentation for SR&ED?” and “SR&ED supporting documentation – getting from point A to Read more…
Can fees incurred during the preparation of an SR&ED claim (including SR&ED consultant fees) be included in the claim’s expenditures? SR&ED consultants are often necessary third parties when filing an SR&ED claim, as the process can be complicated. Although the Read more…
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 Read more…
Technology-based companies may have a hard time discerning between their technology and the knowledge base that enables their technology – after all, a company’s knowledge base is technical in nature. However, a business needs to distinguish between the functionality of Read more…