Maxim Blogs

SR&ED Eligible Expenditures

SR&ED Eligible Expenditures: What Can You Claim?

So, you’re conducting scientific research and/or experimental development in Canada and decided you would rather not leave free money on the table. Bravo! However, you may be a little confused on what exactly qualifies as SR&ED Eligible Expenditures. When it comes to what to claim and how much you’ll receive, there are three categories that …

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SR&ED Refund

SR&ED Refund: What Are The Provincial Rates?

Depending on where you live, applying for and collecting your provincial SR&ED refund might look a little different. To make things easier, we’ve broken down what each program is called (or in Ontario’s case, what they’re all called), its rate/percentage, and the maximum refund credit. Alberta Program: Scientific research & experimental development tax credit Rate/Percentage: …

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SR&ED Expenses

SR&ED Expenses: What To Know About Salary and Wages

Conducting research and development in Canada without taking advantage of this program means leaving as much as 35% of your SR&ED expenses on the table. Through SR&ED tax incentives you can receive deductibles against your income, or investment tax credits that can be used in the current year for refunds and even years down the line if …

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What Is Research and Development

What Is Research and Development In Business?

Not only are there countless benefits, but conducting it means potentially taking advantage of Scientific Research and Experimental Development tax incentives given out by the Government of Canada. While your interest may be peaked, you might still be wondering what is research and development? Research and Development Defined Often a necessary first step, research and …

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Amazon Science

Amazon Science: R&D projects to Inspire Your Next Project

Your business might be planning an R&D project in the future. It might be to design a new product or service, or innovate on something that’s already there. Either way, there’s one place to easily find some inspiration for your next project: Amazon Science. Dollar for dollar, no one spends more on research and development …

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Common Business Mistakes

Common Business Mistakes to Avoid When Starting Out or Growing

You’re likely excited to get things rolling, start your entrepreneurial journey, or expand your growing business. However, there are a few common business mistakes you should avoid in order to give yourself the best shot at success. Not Making A Business Plan A ship never sets sail without a destination, just as a business should …

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Cryptocurrency in Canada

Cryptocurrency In Canada: SR&ED for Bitcoin, Blockchain, and More

Can your company get extra funding for technological advances like blockchain and cryptocurrency in Canada? The reason the Canadian Government supports research and development through tax incentive programs is due to their wide-reaching beneficial nature. Blockchain technology has created ripple effects with countless other real-world applications. Cryptocurrency vs. Blockchain So, what is the difference between …

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Business Resources

5 Business Resources You Should Take Advantage of Immediately

Whether you’re just starting out, growing, or at capacity, there are a ton of business resources you should be using. While a lot of these are free, we do mention a couple with small fees that are absolutely worth the investment. Find A Local Business Centre Many cities across Ontario (and Canada) have local centres …

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Are you eligible for government funding?

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Does your company innovate it’s products and processes? *
In the last two years, did your employees or contractors experience any failures or roadblocks when innovating your materials, devices, products and/or processes? *
What is your knowledge level of SR & ED? *