Reading time: 2 minutes Today, Prime Minister Justin Trudeau announced that the wage subsidy of up to 75% is accessible to businesses of all sizes with the number of workers employed not being a factor. This a change from last week’s announcement that the subsidy was only applicable for SMBs and an earlier announcement that … Read more
The “level” at which you assess SR&ED efforts is vital to the success of an SR&ED claim, as a recent tax court case has proved. A&D, a manufacturer of machine components, had an unfavourable outcome to three SR&ED claims relating to developing massive lathes. The CRA concluded that the projects undertaken did not contribute to … Read more
Making SR&ED Financing Easier To Understand TORONTO (Feb. 15, 2018) — Venbridge, a leading Canadian provider of SR&ED financing & venture debt financing, announced this morning the launch of its educational website at https://sredfinancing.com/. The brand-new website features a streamlined and simplified approach to teach visitors about SR&ED financing. The site will provide a complete … Read more
Is Canadian Innovation in Decline? According to the 2017 Global Innovation Index (GII), which measures how innovative over 130 countries are, Canada has fallen from 15th place in 2016, to 18th place in 2017.1 The Global Innovation Index acknowledges that “Canada excels in ease of starting a business and quality of scientific publications, while its … Read more
What is recurring revenue financing? ‘Recurring revenue’ refers to the portion of a business’s revenue that is most predictable, stable, and likely to continue. Typically recurring revenue is either services revenue or revenue that clients pay for software as a service (SaaS). SaaS companies have historically required significant up-front cash to build and deliver the … Read more
DIY SR&ED: Money-saver or potential disaster? Preparing an SR&ED tax incentive claim without the assistance of a consultant may appeal to many claimants. There are many RTAs (Research and Technology Advisors at the CRA) that will encourage “do-it-yourself” (DIY) SR&ED claims. Consultant-Free SR&ED: The Benefits More money for innovation Everyone gets to know SR&ED The … Read more
The treatment of salaries and wages for employees performing Scientific Research & Experimental Development (SR&ED) outside Canada is a vital aspect of filling claims. What salaries and wages are eligible for employees performing SR&ED work outside of Canada? Are there any? SREDucation’s insightful blog post discusses The treatment of salaries and wages carrying on SR&ED … Read more
We are pleased to present part two of our featured partner’s post on SR&ED Outside Canada below. Our wonderful friends at The InGenuity Group have a fabulous blog (sreducation.ca) with unlimited SR&ED resources. This week we’d like to feature part two of their series on SR&ED Outside of Canada. Please visit sreducation.ca for more details … Read more
Our wonderful friends at The InGenuity Group have a fabulous blog (sreducation.ca) with unlimited SR&ED resources. This week we’d like to feature one of their latest posts on SR&ED Outside of Canada. Can you file for SR&ED for work performed outside of Canada? Globalization of the workforce means that Scientific Research and Experimental Development (SR&ED) … Read more
Hiring a good SR&ED consultant is not as easy as you think it is. You shouldn’t, I repeat SHOULD NOT, just google it, pick the one at the top of the list, and go with it. The Scientific Research and Experimental Development Tax Incentive Program is a pretty complex program that requires competence and experience … Read more