Information Technology Association of Canada calls for changes to the SR&ED program to help startups scale. The Information Technology Association of Canada (ITAC),1 a national information and communications technology (ICT) business association, is looking ahead to the federal government’s 2018 Budget by outlining 24 recommendations in nine core areas. Read more…
We asked the CRA directly if NPOs can claim SR&ED. Their answer? No. Is there a way to work around this? We were recently asked if a Non-Profit Organization (NPO) can claim SR&ED tax credits. An NPO is defined by the Income Tax Act (ITA) (paragraph 149(1)(l)) as, “a club, society Read more…
Updates to the CRA’s SR&ED Glossary On the CRA’s website, the SR&ED glossary was quietly changed on March 30, 2017. The changes affect the glossary definitions for the terms “humanities” and “social sciences”. What changed? The changes were small, and so was the impact. Essentially, the same line was deleted Read more…
Weighing up the similarities and differences between SR&ED and U.S. R&D Tax Credits. If you do any business in the U.S. you may be wondering what differences, philosophically and otherwise, there are between U.S. Research and Experimentation (R&E (or research and development: R&D)) and Canada’s SR&ED tax credits. What’s the U.S. Read more…
CRA Updates Summary of Provincial and Territorial R&D Tax Credits [2016-07-13] This month, the Canadian Revenue Agency (CRA) updated the Summary of Provincial and Territorial Research & Development (R&D) Tax Credits. Specifically, the Ontario Innovation Tax Credit (OITC) and the Ontario Research and Development Tax Credit (ORDTC) were the Read more…