Construction and real-estate is facing technological challenges today. Financial uncertainty and economic is now in doubt. Regulatory difficulties start to rise and there are always additional and unpredicted costs. There are customers who are demanding for more technological innovation including the originality, environmental design and value. This is both in final product and construction … [Read more...] about Tax Relief for Construction and Real-Estate Businesses
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Tips when Filing SR&ED Tax Incentives for Polymer and Plastic Industries
The Polymers and Plastics sector plays an important role in industrial and economical growth. There are numerous industries that dependent upon plastics sector such as electronics, automotive, construction, agriculture, food processing and packaging. This vital relation with other industries makes plastics industry leading eligible industry to claim innovation Tax incentives and Research … [Read more...] about Tips when Filing SR&ED Tax Incentives for Polymer and Plastic Industries
SR&ED: Arm’s Length vs. Non-Arm’s Length Contractors
One of the eligible expenses when claiming R&D Tax Credits, is contract expenditure. Arm’s Length contractors and Non-Arm’s Length contractors have basic difference in Scientific Research and Experimental Development (SR&ED) projects. It is important to know the difference between both types of contractors to eliminate any confusion. SR&ED Arm’s Length Contractors Arm’s Length … [Read more...] about SR&ED: Arm’s Length vs. Non-Arm’s Length Contractors
IRAP Funding or SR&ED Program?
Canadian Federal government offers two incentive programs to facilitate companies to enhance research and development; the Industrial Research Assistance Program (IRAP Funding) and the Scientific Research and Experimental Development (SR&ED). Both programs are designed to help businesses conduct research and development to increase economic growth. Although both programs share the same goals, … [Read more...] about IRAP Funding or SR&ED Program?
Tax Credits and Research Grants for Farming, Agriculture and Food Industries
Farming, Agriculture, and Food Industries need advancement in research and development with increased pressure of population. That is why government is encouraging the companies working in Farming , Agriculture and Food by providing R&D funding and research grants. Common eligible project examples for research grants in Agriculture and Farming industries are: Environment-friendly … [Read more...] about Tax Credits and Research Grants for Farming, Agriculture and Food Industries
SR&ED Tax Credits and Importance of Supporting Evidences
The objective of SR&ED Tax Credits (Scientific Research and Experimental Development) program aims at encouraging research and development in Canada. The initiative of SRED is further motivated by the provision to make claims for expenses on eligible research and development work or project done in Canada. The submission of the claims is done using the T661 form. Canada Revenue Agency (CRA), … [Read more...] about SR&ED Tax Credits and Importance of Supporting Evidences