We are often asked by our clients if there is a maximum Scientific Research and Experimental Development (SR&ED) refund that can be claimed. This is a great question and like most topics related to SR&ED, the answer is not straightforward. This article will explain the “maximum federal SR&ED refund” and Read more…
How much of an “advancement” does the SR&ED need to have to be considered a “technological advancement” in SR&ED? The most important concept of the Scientific Research and Experimental Development (SR&ED) program is the goal of “scientific or technological advancement” and this article intends to clarify the CRA’s definition of technological advancement and clarify Read more…
On April 28, 2022, Ontario’s 2022 provincial budget was released, 2022 Ontario Budget: Ontario’s Plan to Build. This budget focuses on key priorities around transit, infrastructure, healthcare and highways. We have detailed the main themes within the budget and their possible impacts on the SR&ED program. 2022 Ontario Budget Overview After Read more…
This post outlines Scientific Research and Experimental Development (SR&ED) program updates from January-March 2022, including administrative, policy, tax law, and court cases. As the country’s focus and atmosphere have been dominated by the easing of Covid-19 restrictions, SR&ED Education and Resources has been busy keeping our readers up to date. Read more…
On April 7, 2022, the Liberal government Deputy Prime Minister and Minister of Finance, the Honourable Chrystia Freeland, released the Federal Budget 2022. SR&ED in the Federal Budget – Prior Budgets The 2020 budget was not released due to the COVID-19 pandemic, and the 2021 budget contained no direct reference Read more…