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Harper hints at R&D tax break overhaul

admin — Mon, 19 Dec 2011 19:03:52 +0000

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.

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Jenkins Report – Innovation Canada

admin — Mon, 17 Oct 2011 20:22:50 +0000

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

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Study urges drastic cuts to federal R&D tax breaks

admin — Mon, 17 Oct 2011 20:17:01 +0000

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 in R&D tax incentives Ottawa and the provinces offer now aren’t working, according to a study being released Friday, Canada’s Innovation Underperformance: Whose Policy Problem Is It?

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Tax Time Tips for Small Business

admin — Thu, 16 Jun 2011 13:48:51 +0000

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)

A Little Bit of Give and Take…

admin — Thu, 16 Jun 2011 13:46:33 +0000

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 a price in paperwork (November 2010 – National Post)

Flawed R&D Scheme Costs Taxpayers

admin — Thu, 16 Jun 2011 13:43:38 +0000

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)