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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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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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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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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Ontario Budget 2018 Makes Practical Tax Changes for Breweries

In the 2018 Ontario Budget released in March, the Ontario Government announced proposed changes to the Small Beer Manufacturers’ Tax Credit. On Monday (Apr 9), Ontario’s Minister of Finance, Charles Sousa, highlighted some of those proposed changes and what they would mean for Ontario’s small breweries in a more practical way. What’s the Big Deal…

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Ontario 2016 Budget Reduces SR&ED Rewards

On February 25, the governing provincial Liberals announced the annual Ontario budget. With this budget comes a rate adjustment that will impact everybody who claims SR&ED tax credits, particularly for claims based in taxation years ending on or after June 1. Here are some of the highlights: 2% reduction in the Ontario Innovation Tax Credit…

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New Year’s Tip: Acceptance vs Eligibility

It’s a new year and it helps to go into it with a clear head. If you can get past one common point of confusion, then your 2015 could turn out that much brighter. Common misconception: Accepted as filed = SR&ED-eligible work Since the process of claiming SR&ED appears labyrinthine and frustrating to the layperson,…

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