Budget 2019 Increases SR&ED Funding

The 2019 Federal Budget removed the prior year’s taxable income as one of 2 factors used to determine the SR&ED (“scientific research & experimental development”) expenditure limit. All Canadian-controlled private corporations (aka “CCPCs”) are entitled to 35% refundable tax credits on their “SR&ED expenditure limit”. The SR&ED expenditure limit starts at $3 million and was […]

Tax Planning for SR&ED

As a former senior manager with one of the largest SR&ED practices in Canada, I remember that other tax practitioners referred to us disparagingly as part of the tax ‘compliance’ function. In the hierarchy of tax practitioners, tax compliance practitioners were considered somehow less ‘sexy’ than US & International Tax, Mergers & Acquisitions and some […]