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 […]
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 […]
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 […]
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 The previous definition from 2015 has now been archived by CRA.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 […]
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 […]
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 […]
The SR&ED first-time claimant advisory service (FTCAS) was introduced by Canada Revenue Agency (CRA) in 2014. This is a free discussion to all first-time claimants on the SR&ED program that must be attended by all first-time filers. The discussion/meeting will […]
What is a CCPC and a Non-CCPC? A CCPC is a Canadian-controlled private corporation with ownership in Canada. The CCPC is not registered on the stock exchange nor does it have ownership in a foreign country. With relation to the […]
The Scientific Research and Experimental Development program (SR&ED) is a very lucrative cash or credit incentive at 15% – 35% depending on a company being CCPC or Non-CCPC. The program approves SR&ED claims based on either basic research, applied research, […]
As the 2021 Federal Budget was released on Monday, April 19th, 2021, we at Braithwaite Canada have evaluated all 724 pages of the document to determine the effects on the SR&ED Tax Credit. This year’s budget unfortunately did not speak […]
