The Saskatchewan Wheat Development Commission announced that Saskatchewan Wheat growers who did not request a refund of their check-off fees qualify for an SR&ED tax credit for the 2021 tax year at a rate of 69.93%. In addition, 48.97% of their levy contributions may be claimed as a qualifying expenditure Read more…
As of January 2014, any costs incurred with respect to capital property are no longer eligible for SR&ED tax incentives as the CRA has removed them from the SR&ED program. Only expenditures of a current nature may be claimed. In response to client inquiries, we feel it is important to Read more…
On February 1, 2022, the Alberta Canola Producers Commission announced that Alberta Canola growers who did not request a refund of their check-off fees qualify for an SR&ED tax credit for the 2021 tax year at a rate of 14.59% Alberta Canola Growers 2021 SR&ED Tax Credits The Alberta Canola Read more…
Scientific Research and Experimental Development (SR&ED) work often requires the testing of related processes, materials, and other items in order to test the project’s related hypotheses and to generate technological advancement. In response to inquiries we have received from our clients, we have written this article to answer the question Read more…
This post outlines Scientific Research and Experimental Development (SR&ED) program updates from October-December 2021, including administrative, policy, tax law, and court cases. With Covid-19 continuing to affect the country’s focus and atmosphere, SREDucation has been busy keeping our readers up to date. We have identified some key trends to watch Read more…