At RDP Associates, we’re committed to staying ahead of regulatory changes that impact SR&ED tax credits and government funding. A recent legislative update and a subsequent clarification from the Canada Revenue Agency (CRA) could offer significant benefits to your...
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...
You’ve just submitted your first SR&ED tax credit claim and naturally, you’re feeling a bit anxious. Will you get audited? A few months later, you receive a call from an SR&ED auditor at the CRA, wanting to talk. Your mind may race with questions: Are...
The SR&ED tax credit program is a valuable financial incentive that helps Canadian businesses offset the costs of research and development (R&D). However, to successfully claim SR&ED tax credits, companies must provide technical narratives for each project...
Technology is always changing, and it’s easy to forget that these advances impact every industry. When we think about SR&ED tax credits, tech and manufacturing companies usually come to mind first, which makes sense since about 80% of claims come from these...
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