This post outlines SR&ED program updates from October-December 2020, including administrative, policy, tax law, and court cases. COVID-19 continued to dominate the country for the quarter, but many businesses and agencies have found a new way to operate. We have identified some key trends to watch in the SR&ED environment. Read more…
In this post, we’re going to go over the benefits of applying for the British Columbia interactive digital media tax credit (BC IDMTC). We will also be looking at why it is more beneficial to apply for the BC IDMTC instead of the British Columbia provincial SR&ED tax credit if Read more…
It’s that time of year! With 2020 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 2021 for the Scientific Research & Experimental Development (SR&ED) tax credit. While you wait for us to Read more…
Scientific Research and Experimental Development (SR&ED) investment tax credits (ITCs) may be carried backed to be applied to the prior year’s taxes or carried forward to be applied to future year’s taxes. Additionally, the pool of deductible SR&ED expenditures may be carried forward to be used in future years. This Read more…
Scientific Research and Experimental Development (SR&ED) investment tax credits (ITCs) may be carried backed to be applied to the prior year’s taxes or carried forward to be applied to future year’s taxes. This post will explain the SR&ED carry back and carry forward rules at the federal level. SR&ED ITC Read more…