Update December 2018: In their fall statement, the Progressive Conservative government has announced it is putting the proposed increase, which had been introduced by the former Liberal government earlier this year, on hold while it reviews the effectiveness of both the Ontario Research and Development Tax Credit and Ontario Innovation Read more…
Changes to the Ontario Innovation Tax Credit may make small businesses more likely to file a claim. Update December 2018: In their fall statement, the Progressive Conservative government has announced it is putting the proposed increase, which had been introduced by the former Liberal government earlier this year, on hold while Read more…
On March 22, 2016, federal Finance Minister Bill Morneau introduced the Liberal Party’s much-anticipated 2016 federal budget, titled “Growing the Middle Class”. This is the Liberal Party’s first budget since their election to office in October 2015. Given the Liberal Party’s campaign promise to “kick-start investment in innovation”1, we’re offering up our first Read more…
This past week, the Canada Revenue Agency (CRA) posted a summary of Research and Development (R&D) tax credits available throughout the provinces and territories. These tax credits can help support the R&D portion of a company’s Scientific Research and Experimental Development (SR&ED) work. For a full list, read the CRA’s Summary Read more…
Scientific Research and Experimental Development (SR&ED) claimants often wonder — and rightfully so — about how much of their claim return goes into the pockets of SR&ED consultants. Furthermore, claimants are also curious about the annual salary of consultants, be they technical writers, file managers, etc. This week, we’ve rounded Read more…