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Canadian Institute of Chartered Accountants Weigh in on SR&ED Contingency Fees

According to Gabe Hayos, the Vice President of the Canadian Institute of Chartered Accountants (CICA), the CICA Tax Policy Committee believes that contingency fee arrangements are a vital component of Canada’s SR&ED tax credit system.  Consultants play a valuable role … Continue reading

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Invest in Canada

A recent webpage released by the Government of Canada’s Invest in Canada initiative touted the benefits that foreign companies have of investing in Canada. Specifically, a foreign company can take advantage of a 20% non-refundable tax credit through forming a … Continue reading

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Provincial SR&ED Tax Credits

Many provinces have their own SR&ED tax credits for research and development, that can supplement federal SR&ED tax credits. To follow is a summary of provincial SR&ED tax credits. Province Provincial SR&ED Rate Provincial SR&ED ITC Refundable Overhead proxy amount … Continue reading

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Science Minister Goodyear Says National Research Council will be Transformed to Respond to Private Sector Demand

Science Minister Gary Goodyear commented on the progress of the federal government thus far on R&D spending.  Canada continues to lag behind other industrialized nationals in terms of innovation, and the Jenkins Report released earlier this year provided recommendations on … Continue reading

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Legislative Changes to SR&ED Program

A draft of upcoming legislative proposals by the Canadian Finance Department, released August 14th, has revealed changes to the SR&ED program as detailed in the 2012 federal budget: Removal of capital from the expenditure base (for capital expenditures incurred in … Continue reading

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