Webinar Recap: Do you know where your SR&ED is at?
Yesterday, NorthBridge held a webinar for existing clients and contacts to provide key information on the status of SR&ED, review best documentation practices, and discuss funding stacking policies. As a recap, we discussed: The status of the SR&ED review proposed by the federal government in Budget 2022. With consultations currently underway, the review team will […]
Federal SR&ED Legislative Proposal Status Update
on June 21, 2019, Bill C-97, an Act to implement certain provisions of the 2019 federal budget received royal assent and became law. The Scientific Research and Experimental Development (SR&ED) Tax Incentive Program provides a basic 15%, non-refundable credit to all businesses performing SR&ED in Canada. Eligible small and medium-sized enterprises (SMEs) can qualify for […]
Ontario Budget 2018 Highlights
The Ontario 2018 Budget, tabled on March 28, 2018, projects a growing deficit over the next three years and is predicted to resume a downward trend in 2022 with accumulated deficit expected to decline from 23.2% of gross domestic product (GDP) in 2017-18 to 22.1% by 2022. The Ontario Budget proposes several measures and investments […]
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 […]
Revisions to Quebec SR&ED Tax Credit Program
During his December 2nd economic update, Quebec Finance Minister Carlos Leitao announced two major revisions to the Quebec SR&ED tax credit program: (1) Introduction of a minimum eligibility threshold, and (2) Standardization of enhanced tax credit rates. Introduction of Minimum Eligibility Threshold Leitao introduced amendments to the legislation to exclude, from tax assistance in the […]
New SR&ED Videos
Canada Revenue Agency (CRA) has released a series of new educational videos about the SR&ED program. The videos cover topics including: who can claim SR&ED tax incentives, what work qualifies for SR&ED, how to calculate SR&ED expenditures and investment tax credits, and the SR&ED application process. The Canadian Scientific Research and Experimental Development (SR&ED) tax […]
Northbridge in the Media
Check out our special report on changes to the SR&ED program in 2014 (published in Canadian Manufacturing) here.
The Importance of The Hypothesis in SR&ED Documentation
If you’ve submitted a SR&ED claim before, you’re likely quite familiar with the following questions: “Was there technological uncertainty?” “Did the process result in a scientific or technological advancement?” These criteria have been part and parcel of the SR&ED documentation process since its inception. However, more recently, additions have been made to SR&ED guidelines that […]
Upcoming CRA Webinars on SR&ED Tax Incentive Program
Starting in January 2014, the Canada Revenue Agency (CRA) will be offering free public online webinars to provide information about the SR&ED program including eligibility criteria, eligible expenditures, and tips on how to file a SR&ED claim. Upcoming SR&ED public general information seminars are listed below: January 21, 2014, 12:00 – 1:00 pm (Eastern Standard Time) […]
Spring 2014 Newsletter – Creating a SR&ED Mindset, Funding for Agri, Trade Show Funding
NorthBridge Consultants’ Spring 2014 Newsletter is out! Topics covered include: Creating an SR&ED Mindset Funding for Agricultural Producers & Processors Funding for Trade Shows to Encourage International Expansion Employee Spotlight NorthBridge: More than SR&ED