We are often asked by our clients if their Scientific Research & Experimental Development (SR&ED) refund is considered taxable income. In this article, we will look at what your SR&ED refund is, the definition of an Investment Tax Credit (ITC), and how your SR&ED refund is taken into account Read more…
On August 13, 2021, the Canada Revenue Agency (CRA) announced a new scientific research and experimental development (SR&ED) policy document: Guidelines on the eligibility of work for scientific research and experimental development (SR&ED) tax incentives. This document replaced the Eligibility of Work for SR&ED Investment Tax Credits Policy which has Read more…
We are often asked by clients, “Can you make a scientific research and experimental development (SR&ED) claim if you end up selling the product?” and “Can you claim any other costs for the time when there is no way to test without making a product?” Both of these questions fall Read more…
When most people think of the Scientific Research & Experimental Development (SR&ED) tax credit, their minds may turn to technology companies developing groundbreaking products or individuals working on scientific breakthroughs in lab coats. However, SR&ED is not just limited to the technological industry. Little known SR&ED sectors: Agriculture Agriculture may Read more…
We are often asked by our clients about taxable benefits and SR&ED. Are bonuses eligible? Retiring allowances? What other benefits can we include? In this article, we will examine taxable benefits and what they mean for your SR&ED application. What are taxable benefits? The SR&ED Salary or Wages Policy defines Read more…