**This article has been updated on September 15, 2020, to include the most recent information on the CEWS program. Please work with a professional to ensure you are accessing the most recent information.** On June 19, 2020, the CRA announced: The Canada Emergency Wage Subsidy and the 10% Temporary Wage Read more…
No, government support doesn’t mean you will get less government funding! We are often asked by clients if accepting government support means that their scientific research and experimental development (SR&ED) investment tax credit (ITC) will automatically be lower. The answer is no! Government support means that you are getting money Read more…
Provincial tax credits for SR&ED – Yours for the taking! In addition to the generous federal tax credits for SR&ED, many provinces and territories have their own tax credits that can increase the overall amount of your refund. Depending on a) the province in which the organization is based, and Read more…
It should come as no surprise that in the provincial budget (“Jobs For Today and Tomorrow“) announced on February 25, 2016, the Ontario government has proposed a reduction to the level of support provided via Research and Development Tax Credits. These changes are effective for eligible R&D expenditures incurred in Read more…
Today, at 4pm EST, the Ontario government released its proposed budget to the public. A number of different initiatives were announced this year, but we want to focus on both the Scientific Research and Experimental Development and Ontario Interactive Digital Media Tax Credit programs. A copy of the budget Read more…