Author Archives: admin

Outlook Survey Shows Manufacturers Poised for Growth in 2014

The results of this year’s PLANT Manufacturers’ Outlook Survey, based on 450 replies from senior manufacturing executives, suggests that manufacturers expect growth to be higher in 2014.  Analysts have been predicting modest growth of 2.3% over the next five years. The highlights … Continue reading

Posted in Uncategorized | Tagged | Leave a comment

Changes to SR&ED T661 Form

The Canada Revenue Agency (CRA) has released the T661(13), which accommodates the legislative changes that will come into effect on January 1, 2014.  The old T661(12) version of the form can be used until until December 31, 2013. Starting January … Continue reading

Posted in Filing for SR&ED, T661 | Leave a comment

Why We Need to Open up to Innovation

Pierre Beaudoin, President of Bombardier Inc., delivered a speech to business leaders in Toronto  on Wednesday, Nov. 13, as part of the Maclean’s Thought Leadership series.  During this speech, he suggested that the taxable income and capital thresholds to qualify for … Continue reading

Posted in SR&ED News | Leave a comment

Ontario Economic Update Suggests Replacement of R&D Tax Credits with Incentive to Reward Incremental R&D

The recent Ontario Economic Update included proposed measures intended to promote capital investment including replacing existing R&D tax credits (SR&ED) with an incentive that would reward incremental  R&D spending. This new credit would redirect support to incremental R&D expenditure growth, … Continue reading

Posted in Changes to SR&ED | Leave a comment

SR&ED T661 Form Revised for Part 9 Claim Preparer Disclosure

The T661 form, Scientific Research and Experimental Development (SR&ED) Expenditures Claim, has been revised to include additional prescribed information for SR&ED claim preparers.  If a claim preparer was engaged with the preparation of the SR&ED claim, the information below will … Continue reading

Posted in Changes to SR&ED, Filing for SR&ED, T661 | Leave a comment