What are assistance and contract payments, what is the difference between assistance and contract payments, and how do these affect the distribution of SR&ED? When SR&ED work is completed with the help of outside parties the contract is essential to determine which company is eligible to claim SR&ED for 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 Alliance (CATA) revealed that 69% of its respondents belonged to Read more…
SR&ED offers businesses and individuals the opportunity to take risks in their R&D which in turn enables them to grow. A 2017 survey of 553 companies conducted by Canadian Manufacturers and Exporters (CME) found that 38% of companies did not use the SR&ED tax credits.1 According to an article in Read more…
Who do you want assisting with your defense in an SR&ED review? The Scientific Research and Experimental Development (SR&ED) program provides tax refunds for eligible research and development (R&D) expenditures. What should you do if your application is selected for review? We have previously discussed reviews (CRA Claim Review Process, Read more…
If you are filing a claim for the SR&ED tax credit your applicable research will be based on a sound hypothesis. However, how do you come up with a hypothesis for SR&ED? This article will provide advice on developing a good hypothesis that will pass CRA scrutiny. If you are Read more…