Tag Archives: SR&ED

Quebec Increases Refundable SR&ED Tax Credit for Biopharmaceutical Companies

The Parti Quebecois government has tabled a 2013-2014 fall budget, which has increased the refundable SR&ED tax credit for the biopharmaceutical sector.   The basic refundable tax credit rate of 17.5% will be temporarily increased to 27.5% for eligible biopharmaceutical … Continue reading

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Science Minister Goodyear Says National Research Council will be Transformed to Respond to Private Sector Demand

Science Minister Gary Goodyear commented on the progress of the federal government thus far on R&D spending.  Canada continues to lag behind other industrialized nationals in terms of innovation, and the Jenkins Report released earlier this year provided recommendations on … Continue reading

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Canadian Institute of Chartered Accountants – Reccomendations on SR&ED

In their August 2012 pre-budget consultation, the Canadian Institute of Chartered Accountants (CICA) addressed federal measures needed for sustained economic recovery.  One of the issues that they addressed was the SR&ED program.  The improvement of the SR&ED program is mandatory … Continue reading

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How Does SR&ED Compare to R&D Tax Incentives Around the World?

As reported by NorthBridge Consultants, Canada’s SR&ED program currently offers a 35% refundable tax credit to Canadian Controlled Private Corporations (CCPCs) on the first $3 million of eligible expenditures, and a 20% non-refundable tax credit to non-CCPCs.  But how does … Continue reading

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SR&ED and the Energy Sector

According to Robert Vanderwees, a major issue facing Canada’s fast-growing oil and gas sector is that many companies are missing out on substantial business incentives by not applying for programs such as Scientific Research and Experimental Development (SR&ED). In light … Continue reading

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