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New Big Five Clean Investment Tax Credits in Canada

2023 Federal Budget highlighted the transformational new big five clean investment tax credits, which will help produce, manufacture, or transition to clean energy in Canada. These Clean Investment Tax Credits, which total over $60 billion over the coming ten years, […]

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September 20, 2023
All  ·  CRA  ·  SR&ED
My Business Project Failed The SR&ED Tax Credit Audit

If you are reading this, a well-trained SR&ED consulting firm can tell right from the title that a business project does not qualify for the SR&ED Tax Credit. Many companies ask what the difference is or if there is any […]

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February 3, 2023
All  ·  CRA  ·  SR&ED
The Federal Budget – The Braithwaite ‘Take’ for SR&ED Tax Credit

The federal budget is 304 pages long; of the 304 pages, there is one paragraph regarding the SR&ED tax credit program. In that one paragraph, most is a reiteration of the purpose of the program and only a few lines […]

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April 13, 2022
All  ·  CRA  ·  SR&ED
Increase in Fraudulent SR&ED Claims Reported by Canada Revenue Agency

In an article penned to newswire on April 6th, 2022, by Canada Revenue Agency (CRA), CRA has unfortunately seen an increase in fraudulent/false information provided with the SR&ED Tax Credit. CRA wants to assure everyone that many Canadian companies are […]

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April 7, 2022
All  ·  CRA  ·  IRAP  ·  SR&ED
SR&ED Filing Paired With IRAP Funding. Can It Be Done?

There is a myth that if a company receives an IRAP grant they cannot make a claim for the SR&ED Tax Credit, OR that it’s not worth it. However, that myth is busted. SR&ED claims are NOT a waste of […]

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January 12, 2022
All  ·  CRA  ·  SR&ED
Understanding The Importance of an Intellectual Property (IP) When Claiming The SR&ED Tax Credit

A question we are frequently asked at Braithwaite Canada is about a company’s Intellectual Property (IP): If I own my IP or if my IP is owned by a subcontractor or third-party (university), can my company still apply for the […]

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November 22, 2021
All  ·  CRA  ·  SR&ED
What is an SR&ED Virtual Service Visit?

Since the end of June 2021, The Government of Canada / Canada Revenue Agency (CRA) has introduced a new service to the SR&ED program. This new service is called the SR&ED Virtual Service Visit. The service is still in the […]

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October 5, 2021
All  ·  CRA  ·  SR&ED
The WHY & HOW | New SR&ED Guidelines for Eligibility of Work

The new SR&ED guidelines have come into effect as of August 13th, 2021. The previous definition from 2015 has now been archived by CRA. The definition of SR&ED, itself, has not changed and will remain the same. A company within […]

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August 24, 2021
All  ·  CRA  ·  SR&ED
Canadian Corporations Entitled to 15%-35% Expenditures of Their Research & Development Each Fiscal Year

As a Canadian Controlled Private Corporation (CCPC) or a non-CCPC (Public entity), companies across Canada have the right and availability to take advantage of the Scientific Research and Experimental Development (SR&ED) Tax Credit each and every year. This tax credit […]

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July 27, 2021
All  ·  CRA  ·  IRAP  ·  SR&ED
Leveraging IRAP As Well As The SR&ED Tax Credit To Maximize Your Companies Innovation

The two most lucrative incentives for companies incorporated in Canada to take advantage of are The National Research Council of Canada Industrial Research Program (NRC IRAP) and the Scientific Research and Experimental Development tax credit (SR&ED).  Many companies are familiar […]

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May 20, 2021
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