Potential Pitfall In Obtaining Government Assistance
Both the Federal and Provincial government offer assistance in the form of repayable contributions. FedDev is an example where in essence, the assistance is like a loan in that the funds you receive are repayable. However, typically the funds received do not...
Claiming Artificial Intelligence (AI) And Machine Learning (ML) Projects For SR&ED
Artificial intelligence, including machine learning and deep learning has grown in Canada to be a very important area of research and development in many industries such as; health sciences, security, robotics, autonomous systems, speech recognition, computer...
Reminder About The Taxable Income Rule
Recently we’ve had a few companies unaware of an important rule change in 2019 that pertains to SR&ED. Before 2019 companies over $800k in taxable income would have their federal SR&ED credit rate reduced to 15% non-refundable. The $800k taxable income limit...
Some Important Tax Credits To Keep In Mind
It is often easy to overlook certain tax credits that may apply to your company or your clients. This can occur where the tax credit is not well “publicized” or it only applies in rare situations. Here are a few tax credits to keep in mind and share with your...
