The mining industry has contributed greatly to Canada’s economic strength and growth. The industry directly employs more than 403,000 workers across the country in mineral extraction, smelting, fabrication and manufacturing, and indirectly employs an additional 193,000. The industry’s $57.6 billion contribution to Canada’s gross domestic product in 2016 included $24.5 billion in mineral extraction, and…
It seems the blockchain revolution is in full swing. Over the course of a one-year period, Google search requests for the keyword “blockchain” have increased by 250% (Source 1). So what’s all the hype about? 10 years after the Satoshi Nakamoto’s white paper was published, the number of companies with “blockchain” in their name has skyrocketed.…
The misconception in the construction and engineering industry is that many activities conducted by companies are seen as standard or routine, nothing to do with research and development (R&D). This is far from the truth as there are many eligible R&D activities within the industry. Below are some of the eligible R&D activities in the…
Canada is home to more than 700 aerospace companies employing over 85,000 skilled professionals. The aerospace industry contributed $12.6 billion to the Canadian Gross Domestic Product (GDP) in 2017. The industry exports about 75 percent of its output to customers worldwide. It is also a top R&D stakeholder among all Canadian manufacturing industries, with investments…
In continuation to our two articles published on the Medical Cannabis Industry, we continue to educate the medical cannabis industry about SR&ED eligible activities. Here we describe how some expenses can be converted from being not eligible to eligible for SR&ED. Equipment Installation The majority of expenses for companies in the cannabis industry (especially for…