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 […]
SR&ED
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 […]
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% […]
With the lingering effects of COVID-19 ever so present in today’s society, many healthcare companies across Canada have worked tirelessly to find remedies or invent products to protect the every day Canadian. With over 2600 health care companies across Canada […]
The SR&ED Tax Credit is a complex program outlined by Canada Revenue Agency (CRA) to encourage growth and prosperity for Canadian trading companies across Canada. There is a strong emphasis on meeting scientific or technological advancements but that is only […]
With the cancellation of the SR&ED Provincial Tax Credit in Alberta last year, the Government of Alberta decided they would replace the SR&ED Tax Credit with the Innovation Employment Grant (IEG). With Alberta’s 2021 Budget announcement last week, we now […]
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