SR&ED Webinar (French)

The CRA will be hosting a french Scientific Research and Experimental Development (SR&ED) Program webinar on June 17, 2015 at 1:00 p.m. EDT.

This free online webinar will provide a general overview of the program, explaining the eligibility criteria, what expenditures qualify, and how to file an SR&ED claim. This will be an internet-based interactive presentation and will be an excellent opportunity to learn about the SR&ED Program.

Register now (French webinar)

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SR&ED and Funding Seminar

On Tuesday, June 16, 2015, from 1:00 p.m. to 2:30 p.m., NorthBridge Consultants and Excellence in Manufacturing Consortium (EMC) is hosting a free seminar in Mississauga, Ontario, to help companies in the agri-food sector better understand government funding programs and Scientific Research and Experimental Development (SR&ED) tax credits, and especially how multiple government funding programs can be leveraged to execute business strategies.  Further details are available from the NorthBridge website.

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Upcoming SR&ED Webinars

Canada Revenue Agency is offering internet-based interactive presentations similar to the SR&ED in-person information seminars. These webinars are free, and are a good opportunity to learn about the SR&ED program.

Upcoming English webinar dates are as follows:

  • May 13, 2015 1:00 p.m. Eastern Daylight Time
    Register now
  • June 3, 2015 1:00 p.m. Eastern Daylight Time
    Register now
  • July 15, 2015 1:00 p.m. Eastern Daylight Time
    Register now
  • August 19, 2015 1:00 p.m. Eastern Daylight Time
    Register now
  • September 9, 2015 1:00 p.m. Eastern Daylight Time
    Register now
  • October 14, 2015 1:00 p.m. Eastern Daylight Time
    Register now
  • November 18, 2015 1:00 p.m. Eastern Standard Time
    Register now
  • December 2, 2015 1:00 p.m. Eastern Standard Time
    Register now
  • January 13, 2016 1:00 p.m. Eastern Standard Time
    Register now
  • February 10, 2016 1:00 p.m. Eastern Standard Time
    Register now
  • March 9, 2016 1:00 p.m. Eastern Standard Time
    Register now
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BCIDMTC and SR&ED Tax Credits

BC digital media companies can take advantage of SR&ED and the British Columbia Interactive Digital Media Tax Credit (BCIDMTC) together.    If a company has offices in both Ontario and BC, it is possible to apply for SR&ED, OIDMTC, and BCIDMTC, as long as eligible projects are taking place in each province.

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Start-Ups and SR&ED Tax Credits

According to Craig Mulcahy, a Partner at BDO,  Startups should investigate SR&ED because it is a good Year 2 cash flow tool for them-  however, just because you make an app doesn’t mean that you are eligible for SR&ED tax credits.  To avoid problems, it is recommended that start-up companies abide by the following guidelines.

1. Plan ahead- go through the CRA assessment tool and talk to CRA to get a quick assessment of whether you should apply. Ask an accountant or SR&ED specialist for a free consultation to see if it is worth proceeding.

2. Be realistic- be modest in your expectations; if your budget requires SR&ED funding to pay full-time staff, you may have problems.

3. Ensure that documentation is available- Learn about the documentation CRA requires and make sure you produce it throughout the year.

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