A Look at SR&ED in 2018 and beyond
[ad_1] By Brian Cookson Some background and context The SR&ED tax credit program has been in existence since 1985. The Budget Papers published in 1985 stated that the purpose of the program was to keep Canadian businesses competitive and growing. Since then, the program has been tweaked through changes to the tax law (such as […]
New tax legislation would penalize entrepreneurs, stifle innovation, CATA says
[ad_1] A series of proposed changes to Canada’s tax system aimed at closing loopholes frequently exploited by the richest Canadians would end up penalizing the small- and medium-sized business (SMB) owners and entrepreneurs who serve as the backbone of Canada’s innovation economy, one of the country’s leading technology industry groups says. According to Paul Labarge, […]
Take advantage of these popular small-business tax credits
[ad_1] Starting and growing a business can be an emotional and rewarding journey. Cash is still king for new and legacy economies alike, so relentless control of your business’ cash flow is critical. Some sources of cash come with a price tag: bank interest or demands from investors. However, there are various tax and business […]
What R&D changes mean for Canada’s energy sector
[ad_1] Breadcrumb Trail Links News The changes announced to Canada’s Scientific Research & Experimental Development (SR&ED) program in the March federal budget prove our government isn’t taking any chances when it comes to betting on the right horse Author of the article: Special to Financial Post Publishing date: Apr 16, 2012  • April 16, 2012 […]
Business greets R&D funding changes with mixed emotions
[ad_1] Breadcrumb Trail Links Uncategorized Business groups say that while changes to R&D funding models in the 2012 Budget are not nearly as dramatic as they had feared, there is still much to be concerned about. Author of the article: Dan Ovsey Publishing date: Mar 29, 2012  • March 29, 2012  • 3 minute read […]
How Canadian firms can claim SR&ED tax credits for software development
[ad_1] Canadian companies developing a new software product or process — or improving an existing one — may be eligible for substantial SR&ED (scientific research and experimental development) tax credits if they meet certain criteria. What are these? How do you know if your business is eligible? And what information and supporting documentation do you […]
Funding and Grants Available to Technology and Innovation Companies in Alberta, Canada
[ad_1] The technology industry in Alberta has grown significantly in the past decade and is increasingly becoming an important part of Alberta’s economic future. Alberta has become a destination for international technology companies looking to expand into the Canadian market and a world leader in machine learning research and development, innovative geomatics technologies and interactive […]
Tax Tip – The Canada Revenue Agency is resuming additional activities: know when we’re contacting you and how to avoid scams
[ad_1] OTTAWA, ON, Sept. 17, 2020 /CNW/ – The Canada Revenue Agency (CRA) is gradually resuming additional activities, and it may legitimately be us calling Canadians to discuss their tax and benefit situations. However, you should be aware of scammers pretending to be CRA employees. They often call Canadians to try to trick them into […]
How to help clients avoid grant penalties in SR&ED claims
[ad_1] Richard Hoy is president of specialist R&D tax relief consultancy Catax Canada. Vancouver – Claims for research and development tax relief in the form of SR&ED tax credits inevitably focus on what has been spent. However, if you’re a Canadian accountant supporting your client with an SR&ED claim, remember this: It can also be […]
Canada Offers R&D-Focused Companies a Range of Opportunities
[ad_1] As companies of all kinds look to expand internationally and better leverage the burgeoning global economy, Canada stands as a destination rife with opportunity. The country offers a range of valuable advantages and attributes, such as economic stability, geographic proximity to both U.S. and European markets, and strong support for innovation on multiple levels. […]
COVID-19 Government Programs To Aid Early-Stage Canadian Tech Companies – Coronavirus (COVID-19)
[ad_1] The economic implications of COVID-19 have led many start-up and growth-stage companies to face tough decisions. The federal and provincial governments have introduced new programs and amended existing ones to assist businesses and mitigate the effects of the pandemic on companies and their employees. This bulletin highlights several programs that may be useful to […]
Alberta Wheat Commission Reminding Farmers To Apply For The SR&ED Tax Credit
[ad_1] Producers who paid their Alberta Wheat Commission check-off are eligible for a 31 per cent tax credit for their investment in wheat research and development projects. The tax credit is available through the Scientific Research & Experimental Development Fund program. The federal program encourages R&D investment through tax-based incentives, giving claimants tax credits for their expenditures […]
