What are assistance and contract payments, what is the difference between assistance and contract payments, and how do these affect your SR&ED tax credits? When SR&ED work is completed with the help of outside parties, a contract is essential to determine which company is eligible to claim SR&ED and how 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…
The 2017 Report on Federal Tax Expenditures (FTEs) has revised the total amount that SR&ED tax credits will reduce revenue gained from income tax by 15 percent, compared to the 2016 report. The 2017 report, released by the Department of Finance Canada, estimates that $2.8 billion will be disbursed via Read more…
At SREDucation, we’re taking the time to document all of the changes that have occurred to the SR&ED program over the years. In our “From the Archives” series, you’ll be able to see how the program has evolved since its inception in 1986. For a timeline of these events, check Read more…
The Canadian government released a science and technology strategy in 2007 that was intended to accelerate the process of innovation in our country. With an eye to putting that in context, the Library of Parliament released a document that same year reviewing science policy strategies over the years, as well Read more…