The Ontario 2018 Budget, tabled on March 28, 2018, projects a growing deficit over the next three years and is predicted to resume a downward trend in 2022 with accumulated deficit expected to decline from 23.2% of gross domestic product… Read more »
Is a Canadian Patent Box System on the Horizon?
With the process of implementing a ‘patent box’ system ongoing in Quebec, much attention has been given recently to such a system across Canada to address our innovation gap—despite possessing one of the highest rates for R&D tax credits, Canada… Read more »
Northbridge in the Media
Check out our special report on changes to the SR&ED program in 2014 (published in Canadian Manufacturing) here.
The Importance of The Hypothesis in SR&ED Documentation
If you’ve submitted a SR&ED claim before, you’re likely quite familiar with the following questions: “Was there technological uncertainty?” “Did the process result in a scientific or technological advancement?” These criteria have been part and parcel of the SR&ED documentation… Read more »
CRA Service Standards for SR&ED Claims
The Scientific Research and Experimental Development (SR&ED) tax credit was developed to encourage companies to undertake research and development in Canada. But once you have submitted a claim for the tax credit, how long does it take to see the… Read more »
Extension of Accelerated Capital Cost Allowance (ACCA) Provides Tax Relief for Manufacturers
The recent federal budget of 2013 highlighted several initiatives aimed at strengthening the competitiveness of the manufacturing sector. New sources of Canadian business funding and renewal of previous initiatives provides extra incentives for manufacturers to advance their business to the… Read more »
Canadian Video Game Industry Continues to Thrive
It may come as no surprise that Canada now ranks 3rd worldwide in the video game industry according to the Entertainment Software Association of Canada. With game studios like Ubisoft producing blockbuster titles such as Assassin’s Creed 3, and a… Read more »
Renewable Energy Incentives: Accelerated Capital Cost Write-offs and Canadian Renewable and Conservation Expenses (CRCE) Program
There is an interesting tax incentive for the renewable energy industry which could compensate for the removal of capital from the SR&ED expenditure base: a category of deductible expenses for companies undertaking project development through the Canadian Renewable and Conservation… 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 »