SR&ED

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  ·  Manufacturing  ·  SR&ED
Understanding SR&ED Through A Manufacturing Point Of View

Have any of your products or processes taken more time to develop than you expected? Did you have any failures in product or process development or improvement? Have you used or combined technologies in new ways? Have you developed prototypes? […]

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September 29, 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 The previous definition from 2015 has now been archived by CRA.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
All  ·  CRA  ·  SR&ED
Planning & Preparing for an SR&ED First-Time Claimant Advisory Service (FTCAS)

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 […]

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May 11, 2021
All  ·  CRA  ·  SR&ED
Claiming an SR&ED Tax Credit as a CCPC vs. Non-CCPC

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 […]

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May 4, 2021
All  ·  CRA  ·  SR&ED
The Importance of Documentation & Time Tracking With an SR&ED Claim

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, […]

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April 27, 2021
All  ·  CRA  ·  Funding Programs  ·  SR&ED
What are the Effects on SR&ED from the 2021 Federal Budget?

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 […]

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April 22, 2021
All  ·  SR&ED
Technological Awareness When Claiming An SR&ED Tax Credit

The SR&ED Tax Credit outlined by Canada Revenue Agency (CRA) can be a daunting task to understand and interpret into a successful cash or credit refund for your company. There are different percentages for the size of your company 35% […]

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April 14, 2021
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