Non-arm's length expenditures for Scientific Research and Experimental Development (SR&ED) refer to expenses made to related parties like parent companies, subsidiaries, or affiliates. To qualify for the SR&ED tax credit in Canada, these expenditures must be...
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UNLOCKING SR&ED BENEFITS: QUALIFIED VS. ALLOWABLE EXPENDITURES EXPLAINED
In the world of Scientific Research and Experimental Development (SR&ED) in Canada, understanding the difference between Qualified and Allowable Expenditures is key to maximizing your tax incentives. Let’s break it down for you: Qualified Expenditures...
OPTIMIZING YOUR SR&ED ALLOWABLE EXPENDITURES: A COMPREHENSIVE GUIDE
Calculating SR&ED Allowable Expenditures is pivotal for maximizing your tax benefits under Canada's Scientific Research and Experimental Development (SR&ED) program. Here's a user-friendly, SEO-optimized guide to help you navigate the process: Identify...
OPTIMIZE YOUR WINERY BUSINESS WITH SR&ED TAX INCENTIVES IN CANADA
Are you a winery owner in Canada looking to innovate and enhance your business? The Scientific Research and Experimental Development (SR&ED) program offers valuable tax incentives for wineries engaged in research and development activities. Here's how your winery...
KEY RESEARCH AND DEVELOPMENT (R&D) ACTIVITIES IN THE FOOD AND DRINK INDUSTRY
Introduction:In the food and drink industry, Research and Development (R&D) activities play a pivotal role in driving innovation, enhancing product quality, ensuring food safety, and meeting evolving consumer demands. These activities encompass a wide range of...
CANADIAN ARCHITECTS – YOU MAY BE A CANDIDATE FOR THE SR&ED TAX CREDIT
The Scientific Research and Experimental Development (SR&ED) Tax Credit stands as a notable initiative by the Canadian government, strategically crafted to provide incentives for businesses, including architectural firms, to actively partake in research and...
STRATEGIES FOR ENHANCED REFUND OUTCOMES: A STRATEGIC APPROACH
Given these complexities, how can businesses optimize their SR&ED refund outcomes? The answer lies in proactive measures that empower businesses to navigate challenges: Grasping Guidelines: A deep understanding of SR&ED guidelines is crucial. Engage experts...
PREDICTING THE FUTURE OF SR&ED: TRENDS TO WATCH
The SR&ED program in Canada is a tax incentive that aims to promote research and development activities across various industries and business sizes. Here are some potential trends that could impact the future of this program: Digital Transformation and...
IS IT POSSIBLE TO RETROACTIVELY REVIEW AN SR&ED CLAIM?
Yes, a claim for Scientific Research and Experimental Development (SR&ED) may be retroactively examined by the tax authorities. In Canada, this is often done by the Canada Revenue Agency (CRA). For instance, the CRA can choose to audit or examine a company's...