What Technical & Technological Uncertainty Mean in SR&ED

Many highly hopeful researchers, developers, innovators and engineers confuse these two terms … technical uncertainty and technological uncertainty. We already tackled the confusion around technological uncertainty and system level uncertainty involved in the SR&ED process in our article Technological vs System Uncertainty in SR&ED Claims. SR&ED is About the Journey not the Destination One of…

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Want $15,000 for your York Region Business?

    The York Region Entrepreneurship and Innovation Fund has allocated $100,000 for promising startups and community partners over the next 5 years. This fund “supports the development of the innovation ecosystem in York Region”. This includes small businesses, community partners and entrepreneurs. There are two opportunities for funds: Stream 1: Community Partners – up…

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The Sticky Business of Building a Strong SRED Tax Credit Claim

A couple of the most common questions we get asked is “what makes a good SR&ED project” or “how can I make sure that our SR&ED claim gets approved”. There is never a guarantee that any SRED tax credit claim submitted will always be “accepted as filed”. However, if certain fundamentals of scientific research and…

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The Hammer or the Nail: Which Comes First In SR&ED?

The Canada Revenue Agency (CRA) allows claimants under the Scientific Research & Experimental Development (SR&ED) tax incentive program to describe their SR&ED project work at a technological level, and with a technological focus  because this is the level at which SR&ED work must be evaluated. Technological Innovation & New Knowledge The SR&ED program is meant…

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Technological vs System Uncertainty in SR&ED Claims

On March 31, 2015, Judge D’Auray from the Tax Court of Canada in Montreal rendered a ruling that set a precedent for what constitutes “uncertainty” under the CRA’s SR&ED tax credit guidelines. Her ruling also highlighted the role different levels of uncertainty can have on an assessor’s review of a case. Prior to Judge D’Auray’s…

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SRED Unlimited On the Road

  SRED Unlimited will be attending the following events.   Hope to see you there!     Event #1: 2018 Joint Ontario-on-a-Chip and TOeP Symposium (Hosted by: University of Toronto) Date: Thurs, May 24 & Fri, May 25 Where: University of Toronto   Event #2: 20th Annual Rotman Lifelong Learning Conference for Managers and Executives…

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SRED Unlimited @ OCE Discovery 2019 – May 13 & 14

Discovery is Canada’s leading innovation-to-commercialization conference. Hosted by Ontario Centres of Excellence, Discovery brings together key players from industry, academia, government, the investment community as well as entrepreneurs and students to collaborate. This year’s speakers include: Nicole Buckley (Chief Scientist, Life Sciences and ISS Utilization, Canadian Space Agency) Dr. Pernilla Johnsson (Head of Consumer &…

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SRED 101: Company Project vs. SR&ED Project – Confused?

One of the most challenging questions your SR&ED Unlimited consultant will answer during their consultation with you is the difference between a company project and a project that might qualify for the Scientific Research and Experimental Development tax credit or refund for your corporation. It’s a challenging question to answer because so much of a…

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SR&ED Uncertainty and SR&ED Advancement: 2 Key Components

Two key criteria for SR&ED eligibility are the presence of Technological Uncertainties and Technological Advancements. When faced with the former, a company presses on in hope of the latter. But that definition is very relative, short, and not terribly comprehensive, so let’s explore more exact definitions of the meaning of Technological Uncertainties and Technological Advancements.…

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SR&ED Tax Credits Could Ease COVID19 Burden on Small Businesses

The year 2020 has been dubbed the year of perfect vision. It’s pretty safe to say no one ever envisioned COVID-19 becoming the story of the year the way it has. Whatever our individual opinions and feelings and fears about this situation, and the impact social isolation has had on our lives, Canada’s SR&ED tax…

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SR&ED Spring Training: SR&ED Tax Credits for “Bench” Employee Hours

Welcome to SRED Tax Credit Spring Training 2020 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…

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Reduce Risk of SR&ED Audit by Answering 5 Questions in Claim Write-up

The CRA pre-screens SR&ED claims, to decide which ones to audit, through computer screening, where artificial intelligence indicates projects for review based on red flags encountered via their predetermined set of risk management algorithms, or human assessment. Sometimes, claims are randomly selected for review. Since the computer and random options are automated, let’s look at…

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