Author Archives: admin

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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Quebec Increases Refundable SR&ED Tax Credit for Biopharmaceutical Companies

The Parti Quebecois government has tabled a 2013-2014 fall budget, which has increased the refundable SR&ED tax credit for the biopharmaceutical sector.   The basic refundable tax credit rate of 17.5% will be temporarily increased to 27.5% for eligible biopharmaceutical … Continue reading

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Alberta Corporate Tax Amendment Act Introduced to Remove “the Grind” from SR&ED

Because of the scheduled legislation to remove “the Grind” from Alberta SR&ED claims this fall, the Alberta Corporate Tax Act will be amended to address the forthcoming technical changes.  As a result, AT1 Schedule 9 has been revised and be … Continue reading

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Reduction of SR&ED Tax Credit Detrimental to Canadian Businesses

Many of Canada’s largest research and development have voiced their concerns over the federal government’s cuts to the SR&ED program.  According to a report by Canadian Manufacturers and Exporters (CME),  Canadian businesses will receive a $750-million / year reduction in … Continue reading

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