Author Archives: admin

Changes to SR&ED for 2014

Several changes to the SR&ED program proposed during the 2014 budget will be fully implemented in 2014.  The changes that will be effective January 1, 2014 include: A general rate reduction from 20% to 15%. Removal of capital expenditures as … Continue reading

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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

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SR&ED Deadline Approaching for Businesses with December Fiscal Year Ends

For businesses with December 31st fiscal year ends, June 30th, 2013 is the absolute deadline for FY2011 SR&ED claims, and the fast-track deadline for FY2012 SR&ED claims.  This means that if the FY2011 SR&ED claim is not filed by the … Continue reading

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