Monthly Archives: December 2012

Year-End Planning Tips for SR&ED Claims

The 2012 federal budget proposed several changes to the SR&ED program, some of which will come into effect in 2013.  Ryan Mackiewich from MNP has some year-end tips to plan for SR&ED in the upcoming year. Pay wages for work … Continue reading

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New SR&ED Policies by CRA

The Canada Revenue Agency (CRA) was tasked with improving the administration of the SR&ED program by the Government of Canada.  The CRA has recently released a new policy and procedures document as of December 19, 2012, which will come into … Continue reading

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Managing Tax Expenditures and Government Program Spending

John Lester, a research fellow with the School of Public Policy at the University of Calgary, published a research paper with suggestions on how to improve the transparency and accountability of tax-based spending programs.   At the moment, the government … Continue reading

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Survey Reveals that Majority of Small Business Owners are Not Aware of SR&ED

According to a survey conducted by the American Express Small Business Monitor, more than half (58%) of small businesses have never heard of the SR&ED tax credit.  Small business owners continue to have a negative outlook on their immediate future. While innovation remains … Continue reading

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SR&ED Dispute Settled in Airmax’s Favour by Tax Court of Canada

Airmax is an installer of heating, ventilation, and air conditioning systems in residential homes who worked extensively on the development of a high-static, high-velocity fan coil system.  They invested in the modifications and reprogramming of HVAC systems to further reduce … Continue reading

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