SR&ED and NRC IRAP are both substantial business support programs offered by the Canadian federal government. However, one of the major differences between the 2 programs is that NRC IRAP endorses direct up-front funding, whereas SR&ED is a tax credit for expenses… Read more »
Software Development and SR&ED
Software development is a key industry when it comes to R&D in Canada – in 2008 there were over 55,000 computer systems design and related companies operating in Canada, and that number continues to grow. Between smartphone apps and cloud… Read more »
Harper signals Canada’s looming R&D revamp
Canadian Prime Minister Harper reiterated possible amendments to the Canadian SR&ED program at the World Economic Forum at Davos, Switzerland on Thursday. “We believe that Canada’s less than optimal results for those investments is a significant problem for our country,” Mr. Harper… Read more »
Harper hints at R&D tax break overhaul
Prime Minister Stephen Harper is hinting that Ottawa will overhaul a $3.5-billion SR&ED program. The recent Jenkins Report recommended that the SR&ED tax credit be made simpler and smaller. Among suggested changes to the Scientific Research & Experimental Development program,… Read more »
Productivity is Innovation, Not Invention
On October 17, 2011, the federally appointed panel, chaired by Open Text chief strategy officer Tom Jenkins, released an assessment of the government’s $7-billion in annual investment in “business R&D”. The report recommended significant changes to the incentive programs and… Read more »
The Jenkins Report
A year ago, Tom Jenkins (chairman and chief strategy officer at Open Text Corp) was asked to lead a committee that was going to investigate how Canada can see better results from the money being spent on innovation in Canada.… Read more »
The CRA’s SR&ED Service Standards
The CRA released their average processing times for claims during the months of April 2011 through September 2011. Overall, it’s looking a lot better than it was previously – the total average numbers have all fallen since we last spoke… Read more »
The CRA’s Average Processing Time of SR&ED Claims
The CRA released a report looking at their average processing time for SR&ED claims that were submitted between April 1, 2010 and December 31, 2010. The results are: Type of Claim Average Days within CRA’s control Average Days outside CRA’s… Read more »
SR&ED in the National Post
There was an interesting article in the National Post entitled, A little bit of give and take about a claimant’s experience with the SR&ED program over the years. The article explores how CRA reviews of claims used to be about… Read more »