Do you have the proper tools in place to capture SR&ED work? Performing work eligible for the Scientific Research & Experimental Development (SR&ED) tax credit is an intensive process. Having the right tools in place to ensure all work is documented systematically is critical to a successful SR&ED claim. In Read more…
Is Canadian Innovation in Decline? According to the 2017 Global Innovation Index (GII), which measures how innovative over 130 countries are, Canada has fallen from 15th place in 2016, to 18th place in 2017.1 What has Caused the Decline in Canadian Innovation? The Global Innovation Index acknowledges that “Canada excels in Read more…
When performing R&D that you’d like to claim as SR&ED, keeping thorough, contemporaneous documentation (or an audit trail) is of the utmost importance. Keeping contemporaneous documentation involves identifying sources of information and keeping this information so it can be referred to at a later date. This historical record of the Read more…
Why was the Scientific Research and Experimental Development (SR&ED) program introduced, and what is the purpose of the SR&ED Investment Tax Credit Program? Although you may have previously claimed SR&ED, you may be uncertain as to why the program was created and its ultimate purpose in regards to government policy. Read more…
What does the Bloomberg 2018 Innovation Index mean for Canadian innovation? While Trudeau’s Liberal, federal government has been championing an innovation agenda since being elected in 2015, the Bloomberg 2018 Innovation Index shows that Canada has fallen behind other nations in innovation. In the Index, Canada fell two places from last Read more…