Category Archives: SR&ED News

Government Support Needed to Boost Ontario ICT Sector

David Mason, partner at Deloitte Canada and leader of Deloitte’s Ontario private company services tax team, believes that Ontario is not as productive as USA competitors in ICT because of the lack of support for innovation.  At the moment, Ontario … Continue reading

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SR&ED and Its Impact on Small Firms

John Lester, a research fellow with the School of Public Policy at the University of Calgary, argues that the SR&ED benefit for small businesses is far too generous. Lester points out that many small firms can receive up to a … Continue reading

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Spending on Industrial Research and Development Increased in 2012

Statistics Canada has released a report detailing the recovery of industrial research and development spending in 2012.  Businesses in Canada spent $15.5 billion on industrial R&D in 2012, advancing slightly (0.9%) from 2011. However, industrial R&D spending remains below its most recent peak … Continue reading

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Survey Reveals that Majority of Small Business Owners are Not Aware of SR&ED

According to a survey conducted by the American Express Small Business Monitor, more than half (58%) of small businesses have never heard of the SR&ED tax credit.  Small business owners continue to have a negative outlook on their immediate future. While innovation remains … 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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