As of January 2014, any costs incurred with respect to capital property are no longer eligible for SR&ED tax incentives as the CRA has removed them from the SR&ED program. Only expenditures of a current nature may be claimed. In response to client inquiries, we feel it is important to Read more…
There are new SR&ED rules for capital equipment—do you know how they affect you? January 1, 2014 marked a monumental change for the Scientific Research & Experimental Development (SR&ED) tax credit: On that day, capital expenditures—depreciable property to be used >90% of its expected life for the purpose Read more…
As confirmed in the 2012 Canadian budget 1, modifications to Scientific Research and Experimental Development (SR&ED) policy concerning capital expenditures are coming on January 1, 2014. This post examines the background of capital expenditures, current policy regarding capital expenditures for SR&ED purposes, the policy changes on the way, the impact Read more…
SR&ED Ottawa Software Seminar (Part 2 of 2) The Ottawa SR&ED office holds a free annual Software Seminar information meeting, which occurred a few months ago on February 29, 2012. During each session, the CRA offers advice and clarification on how software development fits into the SR&ED program. This Read more…
It is a reality of business today that very few companies can afford to purchase large, expensive pieces of equipment or machinery to ONLY perform SR&ED. It simply isn’t cost effective, as many companies would much prefer actually making salable products instead of simply learning about how to make them Read more…