Is a Canadian Patent Box System on the Horizon?
With the process of implementing a ‘patent box’ system ongoing in Quebec, much attention has been given recently to such a system across Canada to address our innovation gap—despite possessing one of the highest rates for R&D tax credits, Canada is lagging behind other leading developed countries when it comes to introducing innovation. A patent […]
CRA Begins Launching SR&ED Pre-Claim Review Pilot
In August 2016, the Canada Revenue Agency (CRA) began to launch the Pre-Claim Review pilot program in order to review and determine whether R&D projects that are in progress qualify for the Scientific Research and Experimental Development (SR&ED) tax credit program. This follows the cancellation of the similar Pre-Claim Project Review service at the end […]