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 fund research at post-secondary institutions.
No additional legislative changes were announced pertaining to the SR&ED program for this fiscal year.
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 advice on how to:
SR&ED claimants selected to receive the FTCAS will be notified by letter from their local CRA office. A CRA official will then arrange a convenient time for the visit, which will take no more than half a day.
Excellence in Manufacturing Consortium, Canada’s largest manufacturing consortium, is hosting a Strategic Interest Group event on January the 23rd, 2014 (9am) at Russell Industries Corporation. Jeff Mitobe, from NorthBridge Consultants, will be providing general details about the SR&ED program as well as recent Canada Revenue Agency changes that have come into effect as of January 2014. NorthBridge will also be providing a general review of government funding programs that are applicable to manufacturing companies.
Date January 23, 2014
Time: 9am
Location:
Russell Industries Corporation
20 Grote Street
St. Catherines, ON
L2N 2E7
Canada Revenue Agency (CRA) will be offering free online webinars to assist the public to gain a better understanding of the basic filing requirements of the SR&ED Tax Incentive Program.
Upcoming SR&ED public general information seminars:
Ryan LLC and Export Development Canada (EDC) will be hosting a workshop for agri-food businesses in Canada on Janaury 27, 2014.
Date: Monday, January 27, 2014
Time: 1:30pm to 3:00pm
Location: Ryan LLC, 6775 Financial Drive, Suite 102, Mississauga, Ontario L5N 0A4
Companies who should attend this workshop include those that are:
Administered by Canada Revenue Agency (CRA), the Scientific Research and Experimental Development (SR&ED or SRED) Program is a $3.5 billion business incentive program to encourage research and development in Canada.
This blog will serve to keep all Canadian small- and medium-sized enterprises (SMEs), small business owners and managers, and SR&ED practitioners up to date on the latest SRED news.
