On October 5, 2020, the Court of Quebec delivered a ruling on a Scientific Research and Experimental Development (SR&ED) investment tax credit (ITC) appeal. In the case of MDA Systems Ltd. c. Agence du Revenu du Quebec (2020), Justice Daniel Bourgeois ruled in favour of MDA and dismissed the Appeal, Read more…
Political parties are putting out their position statements about economic policy in relation to the 44th federal election, which is September 20th, 2021. This article summarizes what has been disclosed by the remaining parties: New Democratic Party (NDP), Green, Bloc Quebecois, and People’s Party of Canada (PPC). Be sure to Read more…
We are often asked by our clients if their Scientific Research & Experimental Development (SR&ED) refund is considered taxable income. In this article, we will look at what your SR&ED refund is, the definition of an Investment Tax Credit (ITC), and how your SR&ED refund is taken into account Read more…
This post outlines SR&ED program updates from April-June 2021, including administrative, policy, tax law, and court cases. Covid-19 continued to be a factor in the country for the quarter but with increasing vaccinations and decreasing cases business has begun to return to some semblance of normality once again. We have Read more…
On August 13, 2021, the Canada Revenue Agency (CRA) announced a new scientific research and experimental development (SR&ED) policy document: Guidelines on the eligibility of work for scientific research and experimental development (SR&ED) tax incentives. This document replaced the Eligibility of Work for SR&ED Investment Tax Credits Policy which has Read more…