FREE SR&ED Breakfast Seminar
Hello Readers, On Thursday, January 29th, 2009 Northbridge Consultants will be holding our very first free breakfast seminar, to provide a meaningful information session on the SR&ED program. There will be a free, fully catered breakfast buffet, and the seminar is of no cost to attend. The primary focus will be to provide a complete, thorough […]
Revised T661 Form Simplies SR&ED Claims For Small Businesses
It will now be easier for small businesses to file for SR&ED! In 2007, the Canada Revenue Agency (CRA) consulted with Scientific Research and Experimental Development (SR&ED) claimants, members of the Action Task Force on Small Business Issues, and internal stakeholders. Based on these consultaitons, a new T661 form was devised in order to streamline the […]
Proposed Changes to the SR&ED Program Will Make It Easier for Companies to File
During tough economic times, companies need to take advantage of internal sources of financing in order to survive. One source of financing, which few companies are aware of, are the tax credits you can receive from the federal government for R&D work conducted in the past 2 fiscal years. The Scientific Research and Experimental Development […]
Salary or Wages Performed Outside Canada Now Qualify for SR&ED
The Scientific Research and Experimental Development (SR&ED) tax incentive program awards up to a 35% tax credit on eligible research and development expenses. In the past, only labour performed within the geographical boundaries of Canada qualified for the SR&ED program. However, as a result of the 2008 Federal Budget, claimants can now earn SR&ED investment tax […]
How Will The Federal Election Impact the SR&ED Program?
[ Image courtesy of the Toronto Star ] During the Leaders’ english debate on October the 3rd, one issue that was broached was the federal SRED (Scientific Research and Experimental Development) business incentive program. Under the existing federal SR&ED program, non-profitable corporations with large revenues may receive research and development tax credits that cannot be applied. Liberal leader […]
R&D is booming in Alberta
Most Canadian provinces top-up the federally-funded Scientific Research and Experimental Development (SR&ED) tax credit. In the past, Alberta has trailed the rest of Canada in its support of research and development. Up until now. It seems that Alberta has finally caught up with the rest of Canada with their announcement of a 10% SR&ED tax credit top-up. The Alberta […]