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 »
What can we learn from the failure of Kodak, Sears, and Newspapers?
In his recent article, Ken Doctor analyzes the slow disappearance of familiar brands such as Kodak, Sears, and various newspaper companies. These examples all illustrate the fact that “brands decay” and that “disruption doesn’t happen just once.” His “lessons learned”… Read more »
Harper hints at R&D tax break overhaul
Prime Minister Stephen Harper is hinting that Ottawa will overhaul a $3.5-billion SR&ED program. The recent Jenkins Report recommended that the SR&ED tax credit be made simpler and smaller. Among suggested changes to the Scientific Research & Experimental Development program,… Read more »
Productivity is Innovation, Not Invention
On October 17, 2011, the federally appointed panel, chaired by Open Text chief strategy officer Tom Jenkins, released an assessment of the government’s $7-billion in annual investment in “business R&D”. The report recommended significant changes to the incentive programs and… Read more »
What’s wrong with RIM?
An aging smartphone line, an inability to break out of the corporate niche, and the lack of any new product innovation are widely perceived to be eroding RIM’s business and stagnating growth. To achieve growth, many believed that RIM needed to… Read more »
Economist Scales Back Dread Meter
Things may seem bleak at the present; however, the Canadian economy will eventually recover. Dungan and Steve Murphy at the Policy and Economic Analysis Program expect that the Canadian governnment will run deficits for a few years and they urge Ottawa not to repeat… Read more »
Ontario Manufacturers and Exporters Can Receive Up to $50K in Smart Funding
Thanks to funding provided by the Government of Ontario, Canadian Manufacturers & Exporters (CME) has created the CME SMART Program to help small and medium-sized manufacturers in Ontario improve their productivity so they can compete more effectively in the global… Read more »
Revised T661 Form Simplies SR&ED Claims For Small Businesses
It will now be easier for small businesses to file for SR&ED! In 2007, the Canada Revenue Agency (CRA) consulted with Scientific Research and Experimental Development (SR&ED) claimants, members of the Action Task Force on Small Business Issues, and internal… Read more »
Proposed Changes to the SR&ED Program Will Make It Easier for Companies to File
During tough economic times, companies need to take advantage of internal sources of financing in order to survive. One source of financing, which few companies are aware of, are the tax credits you can receive from the federal government for… Read more »