SR&ED can be two things: a bit complicated, but also very exciting! While there are certainly more than a few ins and outs to know, the prospect of getting money back for all your hard work is just too fantastic an opportunity to waste. That’s why we put together this quick SR&ED guide. 1. There …
Although it’s located right at the heart of SR&ED is Technological Advancement, many people aren’t sure what counts. Luckily, the Canadian Revenue Agency (CRA) gives us a clear definition and criteria on the subject. Let’s start right at the top. Technological Advancement Defined As defined by the CRA: “scientific or technological advancement is the generation or discovery …
Technological Advancement: What Is Good Enough For SR&ED? Read More »
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 …
SR&ED Eligible Expenditures: What Can You Claim? Read More »
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: …
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 …
SR&ED Expenses: What To Know About Salary and Wages Read More »
You might think that only activities that occur in Canada are eligible for tax incentives. Not so! There is are plenty of SR&ED outside Canada that can be claimed through the program. While this article will help give you a bird’s eye view of the subject, especially when conducted outside Canada, it can be a …
SR&ED Outside Canada: Expenditures and Support Work Read More »
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 …
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 …
Amazon Science: R&D projects to Inspire Your Next Project Read More »
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 …
Common Business Mistakes to Avoid When Starting Out or Growing Read More »
As with any startup, money can be tight. Something that certainly won’t help you grow is business waste. There are plenty of things you will need to spend money on, especially as your sales and customer base grow. However, knowing what not to waste your precious dollars on can be just as important. Poor Tracking …
Business Waste: Stop Spending Money On These Expenses Read More »
Find out with our eligibility quiz!
