Author Archives: admin

Federal budget 2019: Tech community welcomes Global Talent Stream commitment, SR&ED expansion

To read the full article, please click the link below: Insiders of Canada’s technology community reviewed the budget as taking steps in the right direction to help firms scale up operations, but were critical that the Liberal government didn’t go far enough in determining a clear data strategy. In a budget that announced a total [...]

Posted in SR&ED | Comments Off


SR&ED in the federal budget: A minor change with a major impact (2019)

To read the full article, please click the link below: On March 19, 2019, the Liberal government Finance Minister, Bill Morneau, released the Federal Budget 2019. It proposed repealing the use of taxable income as a factor in determining a CCPC’s annual expenditure limit for the purpose of the enhanced SR&ED tax credit. As a [...]

Posted in SR&ED | Comments Off


SR&ED and Contingency – No Study, But Be Ready To Disclose Your Fees or Pay $1K in Fines

To read the full article, please click the link below: Everything is in a flurry at the SREDucation office as we rush to document the changes to the program in relation to our favourite tax credit, the Scientific Research & Experimental Development (SR&ED) tax credit. It appears that the program remains relatively unscathed compared to [...]

Posted in News | Comments Off


New SR&ED Policies by CRA

To read the full article, please click the link below: The Canada Revenue Agency (CRA) was tasked with improving the administration of the SR&ED program by the Government of Canada. The CRA has recently released a new policy and procedures document as of December 19, 2012, which will come into effect immediately. http://srednews.ca/new-sred-policies-by-cra/

Posted in SR&ED | Comments (0)


Canadian Institute of Chartered Accountants Weigh in on SR&ED Contingency Fees

To read the complete article, click the link below: According to Gabe Hayos, the Vice President of the Canadian Institute of Chartered Accountants (CICA), the CICA Tax Policy Committee believes that contingency fee arrangements are a vital component of Canada’s SR&ED tax credit system. Consultants play a valuable role in encouraging taxpayers to participate in [...]

Posted in SR&ED | Comments (0)


Canadian Institute of Chartered Accountants submits SR&ED Contingency Report to CRA

Click the link below to read the full article: Canada’s Institute of Chartered Accounts (CICA) has submitted a report summarizing their views on the impact of contingency fees on the Scientific Research and Experimental Development (SR&ED) program. CICA has found that contingency-based fee arrangements are a vital component of Canada’s tax incentive system for promoting [...]

Posted in SR&ED | Comments (0)


Harper hints at R&D tax break overhaul

New article from the Globe and Mail hints at R&D tax break overhaul. Prime Minister Stephen Harper is hinting that Ottawa will move as soon as the next federal budget to overhaul a $3.5-billion research and development tax break for businesses. Read the article »

Posted in News, SR&ED | Comments (0)


Jenkins Report – Innovation Canada

Click the link below to view the Jenkins Report – Innovation Canada. Download PDF

Posted in News | Comments (0)


Study urges drastic cuts to federal R&D tax breaks

Interesting article posted in The Globe and Mail: Ottawa should dramatically cut its generous research and development tax breaks and plow the cash back into targeted grants for businesses, according to a new study by the University of Toronto’s Mowat Centre for Policy Innovation. A radical overhaul is warranted because the nearly $5-billion a year [...]

Posted in News, SR&ED | Comments (0)


Tax Time Tips for Small Business

This article speaks to the opportunities associated with pursuing SR&ED tax credits for SME’s. Article: Tax Time Tips for Small Business (March 2011 – Globe and Mail)

Posted in News, SR&ED | Tagged , | Comments (0)