Insights on SR&ED Tax Credits

How Does SR&ED Work? An Infographic on SR&ED Tax Credit Rates

The Scientific Research & Experimental Development (SR&ED) Tax Credit is a federal tax incentive administered by the Canada Revenue Agency (CRA) since 1986. Its purpose is to encourage Canadian businesses of all sizes and in all sectors to conduct research and...

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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...

Had an Unpleasant SR&ED Claim Review by CRA?

The SR&ED tax credit program is odd in that from a tax policy viewpoint it is an incentive program, nudging companies to carry out more R&D in Canada and develop innovative products and processes. However, because the program is administered by CRA, one must...

Whose SR&ED is it Anyway?

When companies develop new products, be it software, machinery, consumer goods, or technology, it is not unusual for the corporation, particularly SMEs, to hire a contractor to perform some or all of the work. Historically, over 90% of the time, these corporations...

SR&ED Incentives in Ontario Budget Like OITC

The recent 2018 Ontario budget announcement includes some changes designed to make it easier to grow your business. Ontario-based businesses can benefit from increases to the provincial funds available under the Scientific Research & Experimental Development...

Is SR&ED Properly Rewarding FinTech Companies?

Filing for SR&ED tax credits today in Canada is facing a new reality. CRA now screens over 60% of SR&ED claims and carries out site audits on at least 20% of them. Moreover, depending on your geographic location, when site audits are carried out, claims are...

The State of SR&ED Tax Credits: How Did We Get Here?

As you may have seen, back in July 2017, the Canadian Advanced Technology Association (CATA) published its “Update on SR&ED Tax Credits” and the news was concerning, to say the least. The headline news was that in the 7 years from 2009 to 2016, the aggregate tax...

A Look at SR&ED and Beyond

The following piece was originally published in IT WORLD Canada The SR&ED tax credit program has been in existence since 1985. The Budget Papers published in 1985 stated that the purpose of the program was to keep Canadian businesses competitive and growing. Since...

How Canada is Conquering the FinTech Space

Insights from Industry Leaders Canada’s FinTech industry today is one of the most dynamic—and for good reason—the coolest industries on the Canadian tech scene. All signs point to its ability to fundamentally reinvent the existing order in the country’s financial...

Lessons Learned: SR&ED and New Product Development

I don't like to prepare for it Most companies hate preparing for, or participating in SR&ED claims. It goes without saying that preparations for SR&ED and efforts to ensure eligibility of work in SRED take an enormous amount of time and internal resources. But...