The New Claim Review Manual

Along with the other changes that the CRA has been implementing over the past couple years, the Claim Review Manual has been updated. This is the manual that tells the CRA reviewers what processes they need to follow when reviewing… Read more »

Surviving Foreign Competition

Aggressive offshore competition isn’t new to us here. Let’s face it – it can be tough to survive when products similar to yours can be purchased for a fraction of the price from a company that doesn’t even operate in… Read more »

Upcoming Changes to the SR&ED Program

A press release has been issued about some upcoming changes to the SR&ED program. A few points mentioned by Minister Blackburn today, while addressing the 13th Annual Tax Practitioner Information Session, relate to upcoming changes to the SR&ED program: starting… Read more »

What about failed projects?

We often tell people that failed projects are embraced by the SRED program, and sometimes it can be a little hard to understand exactly why. I mean, isn’t the program meant to promote innovation, and to encourage technological development? If… Read more »

SR&ED & foreign-owned companies

Canadian companies definitely have an advantage when it comes to research and development tax credits. Canada is rated among the Top G20 countries when it comes to Research and Development. The government encourages Canadian companies to do their research in… Read more »

Different types of CRA Reviews

After you’ve filed your SR&ED claim, there is a bit of a waiting period before you will hear back from the CRA. When that waiting period is done, one of two things may happen – you may hear that your… Read more »

Ontario Research and Development Tax Credit

There’s still a lot of talk about what tax harmonization means for those conducting businesses in Ontario. (As a refresher – GST and PST will be combined into a new HST, which will result in businesses being charged slightly more… Read more »

Reader Question: Can NPOs Claim SR&ED?

We have had some people contact us with a question about whether non profit organizations (NPOs) can claim for the SR&ED program. The short answer is, unfortunately no. However – corporate clients or partners can. Why is this? The CRA… Read more »