SRED Unlimited Brewery Road Trip – August 2022 SRED Consultant David Reti “What I found most interesting was that every one of these businesses are using SR&ED refunds to help grow their business, but each of them is doing it in very different ways.” – David R. Part 2 – Mandioca Cheese…
DetailsSRED Unlimited Brewery Road Trip – August 2022 SRED Consultant David Reti “What I found most interesting was that every one of these businesses are using SR&ED refunds to help grow their business, but each of them is doing it in very different ways.” – David R. Part 1 – Merit Brewing…
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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…
DetailsAvailable 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…
DetailsOne 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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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…
DetailsAs 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? …
DetailsTwo 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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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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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…
DetailsThe 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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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…
DetailsWelcome to SRED Spring Training 2020 Lots of things are happening in the world of sport, right now. But perhaps one of the most anticipated events on the sports calendar is the start of Spring Training in Major League Baseball. Fans hope that their team will continue the successful run they had at the end…
DetailsPrior 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…
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Innovation is essential to every business- large or small! If your business could get paid to innovate, what doors would that open for you? It is possible to receive funding for new and innovative ideas. Even if your original objective was not achieved, any Canadian-controlled private corporation (CCPC) may have SR&ED-eligible projects! The…
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The food and beverage industry, which encompasses everything from restaurants to bakeries, breweries, distilleries, and soft beverage producers, to commercial kitchens and food producers, is an exciting, diverse, and highly innovative industry. For companies in this space, claiming SR&ED tax credits presents a unique opportunity. Many do not consider filing SR&ED for food and beverage…
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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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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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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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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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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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Welcome to SR&ED Spring Training 2023! Lots of things are happening in the world of sports, right now ﹘ the NHL regular season is winding down and heading toward the trade deadline, March Madness in NCAA basketball is about to start, we’re halfway through the NBA regular season, and the World Baseball Classic is…
DetailsIn the SR&ED world, exhaustive systematic experimentation is usually the bread and butter. It takes up lots of claimable employee hours, and it uses up real-world resources that will never be commercially sold. Provided technological uncertainty can be established and great records are kept, you have yourself a claim. But what happens when companies have…
DetailsThe 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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