What have government policy changes meant for SR&ED documentation? We have previously discussed how to keep contemporaneous documentation in our posts titled “Why do I need contemporaneous documentation for SR&ED?” and “SR&ED supporting documentation – getting from point A to point B.” In this article will review the CRA’s understanding Read more…
Building rent and lease expenditures are washed out to sea by SR&ED. Are Building Rent and Lease Expenditures Eligible for SR&ED? The 2012 budget had a significant impact on what expenses were eligible for SR&ED, including building lease or rent expenses. The CRA highlight in the SR&ED Lease Expenditures Policy Read more…
Be picky when choosing a SR&ED consultant to help with SR&ED tax credit applications. A good SR&ED consultant can help maximize your refund and defend a claim that is under review. Consultants can help you pull together all of the documents you need to support a claim with the Canada Revenue Agency Read more…
Within the recently unveiled Budget of the 2017 Liberal federal government, a legislation was proposed to determine which corporations will be able to qualify for an SR&ED tax credit. This legislation could clear up issues surrounding factual control of corporations, and whether or not that control exists. Whether or Read more…
Quebec now provides tax exemptions to businesses to discourage out-of-province buyers. The Liberal provincial government in Quebec recently announced new tax incentives to bring the province more in line with other provinces and to prevent executives and businesses from leaving the province. This move is seen as reactionary, after companies such Read more…