The Office of the Taxpayer’s Ombudsman released word on their investigation into the Canadian SR&ED program this week. The OTO committed to looking into the program’s service and administrative fairness after hearing of “dissatisfaction” with the SR&ED program from claimants… Read more »
2012 Alberta Budget- SR&ED Tax Credit Enhanced
The Alberta Scientific Research and Experimental Development (SR&ED) program provides a tax credit to Alberta corporations for eligible expenditures incurred after December 31, 2008. The credit is worth 10% of a company’s eligible SR&ED expenditures in Alberta up to a… Read more »
Food Manufacturers urged to implement new Food Allergen Labelling Regulations coming into full effect on August 4, 2012
On February 16th 2011, Health Canada announced new regulations to strengthen labelling requirements by necessitating the use of clearer language and declaration of specific priority allergens, gluten sources and added sulphites for prepackaged foods sold in Canada. Canada’s new food… Read more »
Steven Harper on Possibility of Canada-China Free Trade Agreement
There has been quite a bit of buzz recently about the possibility of shipping Canada’s western oil to China. Could this opportunity pave the way for a future Canada-China free trade agreement? According to a recent interview with CBC Radio’s… Read more »
Exciting Times to be a Canadian Entrepreneur
With Propel ICT in New Brunswick announcing their first startup cohort of 11 startup companies, and the accelerator program launches of FounderFuel in Montreal, and GrowLab in Vancouver in the past year, entrepreneurship is at an all-time high across Canada.… Read more »
Entrepreneurial Financing in Atlantic Canada Expanding Rapidly
According to the Globe and Mail, Atlantic Canada has immense entrepreneurial opportunities and has shown recent growth in entrepreneurial financing. Halifax alone has more than 1,200 financial services firms with 14,000 employees. Atlantic Canada has a huge advantage in shipments to… Read more »
Canada Leads G8 in Population Growth
According to the latest Canadian census results by Statistics Canada, Canada has shown strong and steady growth in every part of Canada and has reached a total population of 33.5 million. An open approach to immigration is the major contributor… Read more »
Feed-In Tariff Program News
The Ontario Power Authority (OPA) is “moving forward with its commitment to review the Feed-In Tariff (FIT) Program” (read here), concerning the FIT review (scheduled for every two years) announced October to investigate price reduction, long-term sustainability, clean energy job… Read more »
Direct Government Funding – Benefits and Detriments
SR&ED and NRC IRAP are both substantial business support programs offered by the Canadian federal government. However, one of the major differences between the 2 programs is that NRC IRAP endorses direct up-front funding, whereas SR&ED is a tax credit for expenses… Read more »