Monthly Archives: July 2013

Gnowit Touts SR&ED and IRAP as Keys to Their Success

Ottawa startup Gnowit is one of four Canadian companies that has been selected to attend the UK Trade & Investment’s second annual Global Adventure Competition which is effectively a trade, investment and mentorship mission.  Gnowit’s technology skims through hundreds of newspapers, identifies what the core … Continue reading

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New Ruling Finds that Government Loans Qualify as Government Assistance that Reduce SR&ED Tax Credits

A new 2013 ruling for Immunovaccine Technologies Inc. v H.M.Q. (Tax Court Canada docket 2011-245ITG, 10-Apr-2013) found that Immunovaccine failed to subtract a $3.7 million loan received from ACOA from its SR&ED expenditures. The CRA requires “government assistance” to be deducted … Continue reading

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Feasibility Study for a SR&ED Pre-Approval Process

The 2012 Federal Budget announced administrative measures to improve the predictability of the SR&ED program, one of which was to investigate the feasibility of a SRED pre-approval service. The proposed pre-approval service would be an option to claimants to help … Continue reading

Posted in Changes to SR&ED, Filing for SR&ED | Tagged | Leave a comment