Category Archives: News

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 [...]

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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 »

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Jenkins Report – Innovation Canada

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

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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 [...]

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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)

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A Little Bit of Give and Take!

This article speaks to the CRA prerequisites for Objective Evidence including both financial and technical supporting documentation that satisfy the T661 guidelines. It does mean keeping and consolidating documentation that supports the eligible activities directly associated with SR&ED projects. Article: A little bit of give and take; Despite large innovation subsidies, Canada’s help comes with [...]

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Flawed R&D Scheme Costs Taxpayers

This article focuses primarily on the negatives directly associated with how the SR&ED program is delivered and supported by consultants. It rationalizes that there are no real economic benefits to Canada for spending billions of dollars on the SR&ED program. Article: Flawed R&D scheme costs taxpayers billions (March 2011 – Globe and Mail)

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