Category Archives: SR&ED News

British Columbia Extends SR&ED Tax Credit

Finance Minister Mike de Jong announced that British Columbia will extend the Scientific Research and Experimental Development (SR&ED) provincial tax credit for an additional three years until September 2017.  According to provincial Finance Ministry figures, the tax credit was worth … Continue reading

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Alleged CRA Fraud Scheme Results in 142 Charges

The RCMP has completed a 6-year investigation into an alleged fraud scheme at the CRA by laying 142 charges against 8 former CRA officials and 7 businessmen.  Launched in 2008, the investigation looked into allegations that senior CRA auditors received … Continue reading

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2014 Federal Budget Continues to Support Canadian R&D

While there was very little mention of the SR&ED program in the latest 2014 federal budget, the federal government announced that it will be investing $1.5 billion over the next 10 years through the Canada First Research Excellence Fund, to … Continue reading

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First-Time Claimant Advisory Service

Select first-time SR&ED claimants will receive a free in-person First-Time Claimant Advisory Service (FTCAS) that provides an opportunity to meet with local CRA SR&ED staff at the claimant’s place of business.  During these visits, CRA staff will provide claimants with … Continue reading

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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

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