When I was a very little boy, the very last bed-time story my Father would tell me went like this: “Once upon a time … the end”. That’s when I knew that I had reached the limits of his patience for telling stories (and putting off bed-time in the process). In a very real sense,…Details
If you think about it, though, despite all of the flurry of activity around claim review process, policy and guidance documents, and so on … I haven’t yet heard about anything that represents a substantive change to the Income Tax Act (or regulations) and the real bones of the SR&ED program. If anything, there appears…Details
The Canada Revenue Agency (CRA) has been releasing draft policy documents on the SR&ED Program for public comment over the past few months, as a part of an ongoing policy review exercise. They have done so at a time when the SR&ED Program is under intense scrutiny, the subject of two separate review exercises (The…Details
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…Details
When the CRA traditionally takes on an adversarial role with claimants, it becomes easier for SR&ED consultants and their clients to feel encouraged when the Tax Court of Canada disagrees with a claim rejection, siding with the claimants who are making the appeal. However, we are still in the midst of an era where formal…Details
Visit us at OCE Discovery 2017 – Look for Booth #706 (May 15/16, Metro Toronto Convention Centre, Toronto, Ontario)
Look for Booth #504 (May 9-10, 2016, Metro Toronto Convention Centre, Toronto
Visit us at Advanced Manufacturing Canada Conference & Exhibition – Look for Booth #200 (November 2-3, 2016, Toronto Congress Centre, Toronto, Ontario) Advanced Manufacturing Canada (AMC) offers the Canadian manufacturing community a two-day conference and exhibition focused on fostering a national dialogue about how manufacturers can leverage Advanced Manufacturing to stimulate innovation, increase productivity, and…Details
SRED Unlimited is an exhibitor at The Canadian Manufacturing Technology Show (CMTS-2017) that will take place in Mississauga, Ontario,September 25-28, 2017.
CMTS-2017 is Canada’s national stage for manufacturing technologies, best practices and industry connections.
Visit our booth #3620.
If you expect to claim SRED, CRA requires you to produce enough supporting evidence to justify the claim. Without such evidence, you may never get to discuss technical eligibility to any real extent. CRA will call the work “unsupported”, and simply close the file. Some time ago, I wrote a paper called The Myth of…Details
Perhaps you are familiar with the phrase “the sound of one hand clapping”. It’s all very mysterious and evocative. I’m not particularly mystical or meditative, but I’m going to use this phrase in a discussion of two opposite extremes in the preparation of an SR&ED claim. My thesis is simple — an SR&ED claim needs…Details
Of course, no discussion of TA would be complete without talking about “novelty”. Novelty is what the Canada Revenue Agency (CRA) refers to when we make an argument that a certain chunk of work must be a technological advancement because that work entailed doing something that has never been done or attempted before. The first…Details
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…Details
Talk To the Hand You’ve probably heard the adolescent expression “Talk to the hand, cause these ears aren’t listening.” In recent months, I’ve seen and heard similar comments from a few Canada Revenue Agency (CRA) Research and Technology Advisors (RTAs). Their own version of this expression was “I’m just following policies – if you disagree,…Details
On April 23, 2015, the Ontario Finance Minister presented the Provincial Budget. This budget included a renewal of funding for the Ontario Media Development Corporation’s Interactive Digital Media Fund. However, things will not quite be business as usual—there are some new restrictions, exclusions, and other tweaks to the rules that you should know about. New…Details
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…Details
Available SRED credits differ whether you are a Canadian Controlled Private Corporation or a foreign company (Non-CCPC). These credits fall into one of two categories: refundable and non-refundable. If your company is eligible for a refundable tax credit, you will receive money back. If your company is eligible for a non-refundable tax credit, you will…Details
As the second decade of the 21st century gradually approaches its end, we find the SR&ED program’s payout funds trending in a different direction than ten years ago. Where was the trend going, and where is it today? What has happened in the CRA and the government that led to such a stunning reversal? …Details
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.…Details
Prior to the release of Federal Budget 2018, there were fears that Finance Minister Bill Morneau would announce measures to limit loss carryovers or SR&ED tax credits. This did not turn out to be the case. But, as with most things, there were good news and bad news takeaways for businesses. Some of these are…Details
This article talks about SR&ED process thinking, first by examining the concept and characteristics of a framework for pursuing SR&ED, and then, secondly, by reflecting on the processes that might be needed as a part of such a framework. I think a spider web is a useful paradigm for building SR&ED-supportive processes within your company.…Details
As I discussed in the previous post, these processes need to be extremely lightweight, because most companies are in the “business” business, which is to say, manufacturing, or computer programming, or tool and die work, etc., or whatever business they happen to be in. SR&ED is supposed to help by mitigating the costs of technical…Details