5 Common SR&ED Tax Credit Myths which Could Cost you Money Alberta SR&ED Program Replaced by Innovation Employment Grant (IEG) Can you Spot the Difference? From R&D to SR&ED? Canada Leads Other World Programs in SR&ED Incentives CATA Reaffirms Support For Impartially Administered Innovation Incentives Changes to SR&ED Tax Credit in 2019 Federal Budget Enables…
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Innovation, creativity and ingenuity are what drive most businesses. If businesses don’t innovate to keep up with or anticipate market trends, they can’t move forward and can get left behind. For most businesses, innovation has to do with building a product that is unique to the market, that no one in the market has…
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This year, the 2024 SRED Unlimited Brewery Tour visited some of our clients, new and old, in Toronto. Food, fun, and a fabulous Friday… it was a fantastic way to connect with clients and learn more about how the SR&ED program has helped their businesses innovate. Be sure to catch Part 1 and Part 2…
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This year, the 2024 SRED Unlimited Brewery Tour visited some of our clients new and old in Toronto. Food, fun and a fabulous Friday… it was a fantastic way to connect with clients and find out more about how the SR&ED program has helped their businesses innovate. Be sure to catch Part 1 here. Part…
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It was a sunny day in Toronto; a perfect day for hanging with friends and enjoying some fabulous beers around The Junction district! This year, the 2024 SRED Unlimited Brewery Tour visited some of our clients new and old in Toronto. And, in addition to myself (David), our “beergineer” John and the rest of the…
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Canada’s Scientific Research and Experimental Development (SR&ED) tax credit program is an often-untapped resource for startups. However, it offers the potential for businesses to recoup SR&ED-eligible R&D expenses that might otherwise have been lost. Many businesses don’t realize that their work could qualify. “Scientific research and experimental development” sounds like medical or computer-related work,…
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The Scientific Research & Experimental Development (SR&ED) program provides tax incentives to businesses engaged in research and development (R&D). Central to what differentiates R&D from SR&ED is the focus on the concept of generating technological advancement and new knowledge through the R&D work conducted. These details can often be buried in R&D descriptions…
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https://sredunlimited.net/sred-unlimited-at-the-grow-up-conference-toronto/
We are excited to announce that SRED Unlimited will be participating in the Grow Up Conference in Toronto, from May 27-29, 2024. As Canada’s #1 cannabis conference, Grow Up focuses on cultivation, brands, and retail within the cannabis industry. Founded in 2017, it has established itself as a premier cannabis event dedicated to fostering…
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SR&ED claims encompass more than just lab work, reports, and research – in fact, improvements to products, new processes, analytics, and testing all fall under the blanket of SR&ED and can be claimed for tax credits. One of the most sought-after sectors eligible for SR&ED claims is the ever-developing cannabis industry. Since it’s still…
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Ontario’s provincial government is allocating a record budget of over $600 million for the next fiscal year, derived from cannabis wholesale profits and its share of the federal excise tax. This substantial revenue presents an opportunity for the province to invest in innovation and the SR&ED program, furthering the growth of the cutting-edge cannabis industry.…
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The cannabis industry is the newest and one of the fastest-growing industries in Canada. Companies are encountering a lot of uncertainties and unanticipated challenges. Your work to solve growing, harvesting and processing issues and the learning you’ve generated from applying new strategies can make you eligible for the SR&ED tax credit program. You can claim…
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In the intricate landscape of preparing Scientific Research and Experimental Development (SR&ED) claims, it’s not uncommon to encounter projects that seem too small, too insubstantial, or too lacking in support to warrant the effort and cost of including it in a claim. This perspective can inadvertently lead to missing opportunities with SR&ED potential. The real…
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The Scientific Research and Experimental Development (SR&ED) program is Canada’s largest federal tax incentive program, designed to encourage businesses of all sizes and in all sectors to undertake technological risks and to conduct research and development in Canada. However, many non-technology companies – breweries, wineries, distillers, food producers, cosmetic science often overlook their eligibility for…
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The cannabis industry is on pace to see a record number of federal licenses revoked this fiscal year, largely at the request of the companies themselves. What does this mean for the competitive Canadian cannabis market? From MJBiz Daily:
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In the dynamic and varied landscape of Canadian small businesses, innovation is a necessity for survival and growth. One significant, yet often underutilized tool for fueling this innovation is the Scientific Research & Experimental Development (SR&ED) tax credit program. The Canadian Government designed this initiative as a testament to its commitment to fostering a thriving…
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In the competitive landscape of the tech industry, companies engaged in AI, computer science and software engineering continually seek innovative solutions to stay ahead. One often overlooked but critical area in software development is the concept of system uncertainty. The concept of technological uncertainty is a key part of an SR&ED tax credit claim.…
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Product developers and engineers tend to utilize a specialized vocabulary related to their industry processes. This vernacular, while varying across industries, is universally understood and forms the background jargon for the work. However, these common industry phrases can be quite different from SR&ED concepts, and not realizing the kinds of information your SRED Unlimited consultant…
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Scientific Research & Experimental Development (SR&ED) tax credits can be a valuable financial tool for businesses engaged in research and development (R&D). However, misconceptions surrounding this program may result in businesses losing out on real money. Let’s debunk some of these common SR&ED myths. SR&ED Myth #1: The SR&ED Tax Credit Program doesn’t really…
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Chronic pain is often cited as one of the worst challenges a person may encounter in life. To everyone else, you look “normal”, but little does everyone know the struggle you face to accomplish everyday activities through incapacitating pain. Many current diagnostic tests may not be able to isolate a specific cause. Rarely does anyone…
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Canada’s biotechnology and life sciences industry is experiencing rapid growth and development, making it a global hub for scientific research and innovation. Canada’s biotechnology sector has recently gained international recognition for its unique strengths and capabilities and as a key player in the development of innovative solutions across healthcare, agriculture, and environmental challenges. Several…
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Perhaps one of the most anticipated events on the sports calendar every year is the start of Spring Training in Major League Baseball. It’s an opportunity for all team members to establish good working habits for the coming regular season, a season that for two teams will lead to an appearance at the coveted World…
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