Routine engineering vs. SR&ED – It’s not like comparing apples and oranges. Ontario’s SR&ED program provides one of the most lucrative tax credits for companies engaging in clear research and development, yet many companies that would be eligible don’t even bother applying, most often because they assume their project would not Read more…
Translating SR&ED eligibility phrases. It can often seem that SR&ED reviewers at the Canada Revenue Agency (CRA) communicate using a completely different language. The CRA often use different terminologies and definitions than those used commonly in English, or by businesses. Common CRA SR&ED Eligibility Phrases Here are some common Read more…
On September 22, 2011, the CRA opened Phase 4 of their SR&ED policy review project. The CRA is now accepting public feedback, so don’t miss the chance to impact the direction of the Scientific Research and Experimental Development program. The following SR&ED draft documents have been posted for feedback on Read more…
Expanding on our earlier posts on how the development of zombie-fighting tools and zombie-proof architecture can be SR&ED eligible, this month’s Zombie Apocalypse post focuses on a complimentary tax credit that allows companies to recover up to 40% of development and marketing costs. In short, this tax credit covers many Read more…
Research and Development Tax Credit Expert Panel In our last post, we discussed the changes to the SR&ED policy. It’s not too late – you can still let the government know how important SR&ED is to your organization. Many are unaware that back in December 2010, the federal government convened Read more…