On March 19, 2019, the Liberal government Finance Minister, Bill Morneau, released the Federal Budget 2019. Recap: Prior Budgets The last major change to SR&ED occurred in the 2012 budget when sweeping modifications were made to several areas. The changes proposed by the government were phased into the system over Read more…
Are you working on an SR&ED claim? How do you know if it’s worth the effort? What will the potential payout be? Have you submitted your documents and are now wondering how much you might receive in reimbursements? If you haven’t already done so you should input your figures into Read more…
Mark your calendars and save the date – Minister Morneau has announced that the new Federal Budget will be tabled on March 19, 2019. What should we expect? According to the Minister’s office, the upcoming budget will continue the evolution and support of a sustainable middle class, increase employment rates and bolster Read more…
New CRA service standards were announced April 1, 2018 affecting SR&ED claims. These changes will potentially decrease wait times for some SR&ED claimants. What are service standards? Service standards are set by organizations to stipulate the standard processing times. The Canada Revenue Agency (CRA) publicly announces its service standards to Read more…
What overheads and other SR&ED expenditures can be claimed if the SR&ED is performed outside Canada? Calculating which expenditures are eligible for investment tax credits can be complicated. It only gets more complex when you factor in other parameters such as SR&ED work performed outside Canada. In a previous article, we Read more…