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 […]

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 […]

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/

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 […]

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 […]

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 »

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 […]

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)

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 […]

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)