As most advisors know, the SR&ED tax credit program applies to a wide variety of industries and businesses. Our experience is that work involving medical research generally meets the SR&ED tax credit criteria as many technological uncertainties need to be...
Manufacturing has traditionally been a prime area eligible for SR&ED Tax Credits. With its inherent focus on innovation, process improvement, and technological advancement, the manufacturing sector continually generates opportunities for qualifying research and...
This is the time of year when many companies start planning for 2022. As there are a multitude of tax credits and grants available to companies, many should consider these programs as part of their planning.One way to do this is for RDP to review their plan for 2022...
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...
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...
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...
