CCA, CCI launch program to incentivize innovations
OTTAWA — Canadian Construction Association (CCA) and Canadian Construction Innovations (CCI) are partnering with Invennt Business Inc. to offer the Scientific Research and Experimental Development (SR&ED) credit writing services to the industry in an effort to encourage innovation. SR&ED credit is a federal tax incentive program designed to encourage Canadian businesses of all sizes and […]
Spurring growth in Canada’s life sciences sector
Event summary produced by The Globe and Mail Events team. The Globe’s editorial department was not involved. Jason Field, president and CEO of Life Sciences Ontario speaks to the global potential for Canadian biomedical companies, at The Globe and Mail’s Biomedical Innovation Summit on November 14. Glenn Lowson/The Globe and Mail Close to 300 people […]
Scientific Research And Experimental Development Tax Credit For Medical Professionals – A Toronto Lawyer Analysis – Tax
To print this article, all you need is to be registered or login on Mondaq.com. Introduction – SR & ED Tax Credit The Scientific Research and Experimental Development (SR & ED) Tax Credit can be a powerful tax planning tool for Canadian business owners. Since 1944, Canadian corporations could deduct their research development expenditures against […]
Ryan Canada hires David Douglas as SR&ED leader
[ad_1] Tax advisory firm Ryan has added David Douglas as a principal and leader of the scientific research and experimental development (SR&ED) practice in Canada. Douglas brings more than 25 years of experience, including 17 years in SR&ED, to the role. During his career, Douglas has worked closely with the Canada Revenue Agency to identify […]
CRA Got It Wrong? Fight Their Tax Assessment In 3 Steps! – Tax
[ad_1] To print this article, all you need is to be registered or login on Mondaq.com. Disagree with the Canada Revenue Agency’s Notice of Assessment? You don’t have to accept it lying down. You CAN fight their decision by filing a Notice of Objection. Although we recommend that you consult with a tax […]
Audits, uncertainty, and paperwork: The bureaucratic burden of SR&ED
[ad_1] When Stephen Hayward, the co-founder and president of Toronto-based data and analytics solution provider Project X Ltd., applied to the Scientific Research and Experimental Development (SR&ED) tax incentive program for the first time, he hadn’t anticipated that being the owner of the firm applying for the claim would be a problem. In 2011, Project […]
Tax experts Catax expands with Canada office
[ad_1] Specialist tax consultancy Catax is opening an office in Canada as part of its first overseas expansion. The Manchester-headquartered firm currently works with businesses across the UK to claim R&D tax credits, Capital Allowances and Patent Box tax relief on intellectual property and has helped 14,000 clients claim back ÂŁ221m in tax relief. It […]
Federal budget 2019: Tech community welcomes Global Talent Stream commitment, SR&ED expansion
[ad_1] By Brian Jackson and Buckley Smith 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 of $22.8 billion […]
How Canadian startups can prepare for SR&ED
[ad_1] This article was originally posted on PwC Canada. Let me ask you a question: is the federal government doing enough to support the development and growth of the Canadian high tech industry? It’s an important question, with wide-ranging implications for the future of our tech industry and national economy as a whole. But it’s […]
Government grants to small business – a.k.a. free money – go unused
[ad_1] When Erin Bury wants to hire an intern or offer extra employee training at her Toronto-based communications firm, one of the first checks she does is to see whether there’s a grant for it. Ms. Bury’s company has tapped into about $100,000 in government grants over the past five years. She has used the […]
Shredding tax credits? Why Canada’s biggest R&D program may be funding the wrong innovation
[ad_1] There comes a time in the life of any Canadian entrepreneur when they have to decide whether to “shred” or not to “shred.” The federal government’s scientific research and experimental development (SR&ED) tax credit distributes upwards of $5 billion to companies every year. Founders credit “shred,” as it’s colloquially known, with getting their companies […]
The tax man cometh for small businesses, too. How to be ready
[ad_1] Setting up a new business can be as challenging as it is exciting. Entrepreneurs will want to take advantage of any breaks and credits offered by the Canada Revenue Agency, but they also need to stay on the right side of the tax man. Here are seven things every small business owner needs to […]
