Author: Tim Robertson
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Globe & Mail Article on SR&ED Debunked
Claimants paying 30% in fees – meaning that out of $4 billion of SR&ED tax credits paid out, consultants received $1.3 billion! A recent article in the Globe and Mail is considered to be a bit sensationalistic around the subject of SR&ED consultants and the fees they are paid. Here is a bit of background…
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SR&ED is 15% Accounting, and 85% Technical
Most accountants will routinely fill out a SR&ED tax form if you ask them to. But there may be a +100% difference between your accountant’s claim and a SR&ED Engineer’s claim. And that’s because a SR&ED tax claim is roughly 15% accounting, and 85% technical. Your accountant knows you and your business very well, but…
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Over 4 Billion Dollars in Tax Credits Available for Software and IT Companies
The SR&ED (Scientific Research & Experimental Development) Tax Credit Program can benefit software and IT companies. It’s a remarkable incentive program for business owners, and every year the Canadian government provides over $4 Billion dollars in tax credits to companies that make the effort to apply for it. The program reimburses companies for what is officially…