For larger companies, managing SR&ED claims can be a complex and highly detailed process due to the volume of projects, employees, and data involved. Effective tracking methods are essential to ensure that SR&ED activities are identified, documented, and...
The SR&ED tax credit program is coming up to its 40th anniversary. While technology has changed significantly over this period it is interesting to note that the criteria and definition of what constitutes as SR&ED on a technical perspective has not changed...
As we look back on 2024, we’ve put together a summary of the most salient highlights in the SR&ED tax credit program. AI permeates all businesses At the close of the government’s 2023-2024 fiscal year, software development accounted for the largest...
Catch Up on Our Recent Webinar with Innovance.ai We recently partnered with innovance.ai to host an insightful webinar covering the latest updates and strategies in business funding and innovation. We shared our extensive knowledge of SR&ED tax credits and...
With only two months left in 2024, companies should be strategizing to align their 2025 projects with various government incentives. As we get deeper into the government’s fiscal year the amount of funding diminishes, and grant programs begin to close down. Grant...
The most recent statistics published by CRA are for the April 1, 2023 to March 31, 2024 government year. These statistics provide some insights and opportunities. SR&ED stats Overall, just over 21,500 SR&ED claims were processed. It is important to keep...
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