SR&ED Articles
SR&ED - A Vital Component for Company Competitiveness
Participation within the SR&ED program is a vital activity for nearly any company wishing to remain competitive. The Scientific and Experimental Development Tax Credit Program (SR&ED) can provide plastics manufacturer’s with up to 41.5% of all investment costs allocated to technological development and research. Read more...
Tracking Project Costs for SR&ED Tax Credits
CRA regulations allow you to file SR&ED tax credits within 18 months after the fiscal year end. This means that you can conceivably file for the past 2 years of R&D costs. Let's assume that you expended $500,000 in R&D for each of the past 2 fiscal years. Up until the fiscal year end of 2008, you could potential reclaim up to 41.5% of this figure (I.e. $415,000), if you could only get your claim filed on time! Read more...
Top 10 Filing Myths and Misconceptions
Over the last 20 years, considerable collaboration between the Federal government and industry representatives has caused dramatic changes across the entire SR&ED program to enhance the effectiveness of the SR&ED program. At the same time, however, several misconceptions about the new SR&ED program have arisen. These misconceptions have, unfortunately, deterred many companies from claiming for all they are entitled to, or even filing at all! Read more...
Provincial Tax Credits
Most of the provinces and territories in Canada offer provincial SR&ED tax incentives to promote and encourages companies to be involved in Research and Opportunity in Canada. With this, your company could be eligible for both federal and provincial tax credits. Read more...