Throughout the years we have helped a variety of taxpayers with their Scientific Research and Experimental Development (SR&ED) technical narratives. We have noticed common mistakes claimants, especially new claimants, make in their narratives. This post will explain some of those mistakes and provide guidance on ways to avoid making the Read more…
A recent legal ruling brought to light the issue of what happens when Scientific Research and Experimental Development (SR&ED) consultants and their clients do not agree. The answer is in the contract. This ruling highlights the importance of both sides reading and agreeing to the details in the agreement as Read more…
We are often asked by our clients about taxable benefits and SR&ED. Are bonuses eligible? Retiring allowances? What other benefits can we include? In this article, we will examine taxable benefits and what they mean for your SR&ED application. What are taxable benefits? The SR&ED Salary or Wages Policy defines Read more…
This post outlines SR&ED program updates from October-December 2020, including administrative, policy, tax law, and court cases. COVID-19 continued to dominate the country for the quarter, but many businesses and agencies have found a new way to operate. We have identified some key trends to watch in the SR&ED environment. Read more…
Scientific Research and Experimental Development (SR&ED) investment tax credits (ITCs) may be carried backed to be applied to the prior year’s taxes or carried forward to be applied to future year’s taxes. Additionally, the pool of deductible SR&ED expenditures may be carried forward to be used in future years. This Read more…