Cybersecurity – Part 1

Cyberattacks: What They Are and What to Do About Them Jason Coyne, SR&ED Technical Writer specializing in technology, science, and safety. To mark this October’s Cybersecurity Month, we are providing a short guide to cybersecurity and cyberattacks. But, of course, every month is cybersecurity month. It is important to remain vigilant about protecting your systems…

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CRA Issues Cautionary Statement to Businesses Using Third-Party SRED-Claiming Services

The CRA recently released a warning to companies who’ve been approached by third parties to prepare and submit an SR&ED claim on their behalf. Choose Your SR&ED Consultant Wisely   It goes without saying that not all SR&ED consultants are the same. In their release, the CRA has stated that they’ve received claims “containing false…

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SR&ED For Accountants 101

As a seasoned accountant, you are no stranger to the rules and procedures set out by the Canada Revenue Agency, especially around SR&ED tax incentives, which can be complicated and sometimes even confusing.   The federal Scientific Research & Experimental Development (SR&ED) program is the largest R&D incentive program in Canada. SR&ED tax credits could…

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Grow Up Cannabis Conference 2022

SRED Unlimited Consultant David Reti attended the recent Grow Up Cannabis Conference in Niagara Falls, Ontario.  “What struck me most, was how few companies knew about the SR&ED program, despite being eligible for some significant refunds.”   The two-day conference was held at the Niagara Falls Conference Centre and featured keynote speaker Dr. David (Dedi)…

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New Guidelines On The Eligibility Of Work For SR&ED Tax Incentives

The Canada Revenue Agency (CRA) recently replaced the wording of its Eligibility of Work for SR&ED Investment Tax Credits Policy with new guidelines on the Eligibility of Work for SR&ED Tax Incentives. These changes bring up several questions for Canadian businesses: What does this change mean for Canadian corporations applying for SRED? Does this change…

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

Welcome to SRED Tax Credit Spring Training 2022 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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SRED SR&ED tax refund Canada

Introduction to Canada’s SRED Tax Credit/Refund Program

Introduction to Canada’s SRED Tax Credit/Refund Program SR&ED stands for Scientific Research and Experimental Development. The SR&ED tax credit program is available to companies operating in Canada that invest and engage in experimental development in Canada. Every year, the CRA issues in excess of $4 Billion CDN through the SR&ED tax credit program.  Will my…

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What can First-time SR&ED Tax Credit Claimants Expect

What is an FTCAS: First-time claimant advisory service? The first-time claimant advisory service (FTCAS) is a free, mandatory service conducted either via video or teleconference. During this meeting, first-time scientific research and experimental development (SR&ED) claimants can meet with local Canada Revenue Agency (CRA) SR&ED staff to learn more about the SR&ED Program. If you are a first-time SR&ED claimant selected…

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Alberta SR&ED Program Replaced by Innovation Employment Grant (IEG)

As of January 1st, 2020, Alberta cancelled the provincial Scientific Research and Experimental Development (SR&ED) tax credit. Instead, as of January 1, 2021, Canadian-controlled private corporations who conduct R&D in Alberta with eligible expenses are able to apply for the Innovation Employment Grant (IEG). The IEG is meant to work hand-in-hand with the Job Creation…

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Covid Help for Ontario Small Businesses

[Article contents summarized from the media release in the link indicated below] The Province of Ontario is providing eligible Ontario Small Businesses that have been impacted by the province-wide shutdown up to $20,000. Eligible small businesses that have been required to close or significantly restrict services because of the province-wide shutdown might be eligible to…

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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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How COVID-19 Help for Businesses can affect SR&ED claims

Over the last several weeks, the Federal and Provincial governments have launched several incentive programs—Emergency Wage Subsidy (CEWS), Innovation Assistance Program (IRAP), Regional Relief Recovery Fund (Ontario). A full list of available assistance can be found here. This is good news for Canadian businesses. However, it does raise the legitimate question about how receiving such…

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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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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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5 Common SR&ED Tax Credit Myths which Could Cost you Money

Every year, over 20,000 Canadian-controlled private corporations, partnerships, and sole proprietorships receive in excess of $4 Billion CDN from the SR&ED tax credit program. Yet, despite that, many people still resist participating in the SR&ED program. Among some of the more common excuses we hear… “I’m too busy.” “I’ve got too many things on my…

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