Category Archives: Changes to SR&ED

CME discusses SR&ED changes and innovation policy

Canadian Manufacturers & Exporters (CME) designated May 31, 2012 as Innovation Policy Day. As part of the agenda, CME spoke with Minister of State for Science and Technology, the Hon. Gary Goodyear, on the importance of direct R&D support in … Continue reading

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Deloitte Survey on Reactions to SR&ED Changes Proposed by 2012 Federal Budget

Deloitte is conducting a SR&ED survey among Canadian companies to study industry’s perspective on innovation investment following the federal Budget 2012 tabled March 29, 2012. Although the scope of this budget covers a number of tax policy aspects, this survey … Continue reading

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Changes to SR&ED Proposed by Western Provinces

Most provinces and territories have their own incentives for research and development, which work alongside with federal SR&ED. The provincial tax credit is calculated first, and the federal ITC is calculated on the remainder of the claim. To follow are … Continue reading

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Contingency Fees Versus Fixed Fees for SR&ED Consultation – Are Contingency Fees Really a Problem?

In the recent 2012 federal budget, it was announced that there would be a study of contingency fees charged by tax preparers, specifically those in the SR&ED space.  Small- and medium-sized businesses (SMEs) often compensate consultants who work on their SR&ED … Continue reading

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SR&ED Still Complex Program That Requires Engineering Consultation

The recent 2012 federal budget has eliminated the capital portion of expenditures, and reduced contract payment eligibility from the SR&ED program. Brian Leve of Grant Thornton LLP suggests that the introduction of phased-in rate changes increases the complexity of calculations … Continue reading

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