IRAP vs. SR&ED: What Are the Differences?
SR&ED and IRAP are among the most popular and sought-after government funding programs in the Canadian innovation ecosystem. Both programs are federal and related to R&D activities with significant impact on the completion of new product development and...
Decrease in the number of SR&ED Claims and the Challenges of CRA Audits
Federal Government statistics released for the last four years confirm that the number of companies filing SRED claims has steadily decreased by over 15% from roughly 22,370 in 2014 down to 18,850 claims in 2018! Some people have attributed this to a decrease in...
How Do You Choose the Right SR&ED Consultant?
When it comes to selecting a SR&ED consultant, the task is usually assigned to the CFO, or in smaller organizations, the owner. The selection process is typically based on receiving recommendations from a trusted friend or business associate. However, it is worth...
