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Federal Budget 2017: Minor Tweaks to SR&ED, Focus on Innovation

Federal Budget 2017: Minor Tweaks to SR&ED, Focus on Innovation

  On March 22, 2017, federal Finance Minister Bill Morneau introduced the Liberal Party’s much-anticipated 2017 federal budget, titled “Building a Strong Middle Class”.  This is the Liberal Party’s second budget since their election to office in October 2015. In it, the government announced that their focus was

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Federal Government Expected to Make Changes to Innovation Funding Programs

Federal Government Expected to Make Changes to Innovation Funding Programs

The federal Liberal government is said to be looking at overhauling how it spends about $5 billion annually on business innovation funding programs. Any changes to funding could come as soon as tomorrow (March 22nd) – when the 2017 Federal Budget is announced. At this time,

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Canada Revenue Agency (CRA) SR&ED Software Eligibility Webinar – Slidedeck and Commentary

Canada Revenue Agency (CRA) SR&ED Software Eligibility Webinar - Slidedeck and Commentary

  Background The CRA recently hosted a webinar about the agency’s criteria for assessing the eligibility of SR&ED software claims. Interestingly, the webinar so popular that all 200 of the spaces were filled. A total of 60 slides were presented during the webinar and they can

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Innovation vs. Research & Development – Not The Same Concept

Innovation vs. Research & Development - Not The Same Concept

When Industry Canada changed its name — following the Liberal government’s election victory in October 2015 — to the Ministry of Innovation, Science and Economic Development, the shift in focus was noticeable in the change. The focus now was on innovation, and not so much

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SR&ED Appeals – Be Prepared To Wait.

SR&ED Appeals - Be Prepared To Wait.

On November 29th, 2016, the Auditor General of Canada tabled an audit regarding the processing and management of income tax objections. The audit was critical of long wait times for appeals, as well as the way the Canada Revenue Agency (CRA) measures its performance. As a

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