Each year about 20,000 Canadian businesses file for Scientific Research and Experimental Development (SR&ED) tax credits. The data shows that the number of claimants over the past 3 years has been relatively stable. That said, one telling measure of Canada’s ability to promote innovation and nurture new businesses is the number of new SR&ED claimants … Read more
Reading time: 4 minutes. Hearing what leaders in Canada say about encouraging research and development, we should all think that Canada’s digital economy is rocketing along. Sadly, statistics on the number of SR&ED claims tell another story. The numbers show that the largest tax incentive program for R&D continues to decrease in popularity. In fact, there … Read more
Reading time: 3 Minutes Since 2015, the number of SR&ED claimant reviews conducted by the Canada Revenue Agency (CRA) has dropped by 22.2%, from 4,369 reviews in 2015 to 3,400 in 2018. The reviews are both technical and financial; they are conducted by a Research and Technology Advisor and/or Financial Reviewer from the CRA. Quebec and … Read more