Category: SR&ED – Get a Larger Share
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Canada’s SR&ED is “Tortuously Complex”
Boast Capital has a great article on what constitutes, and doesn’t constitute, a valid Scientific Research and Experimental Development tax claim as interpreted by the courts. The Honourable Justice Judith Woods has written that “The scheme of the Act in relation to scientific research expenditures is tortuously complex.” Great! That makes avoiding an audit that much…
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SR&ED Management Frustration Chart – Hilarious
Courtesy of MEUK: This diagram illustrates the frustration managers may experience when they do not manage a SR&ED process intelligently. You can see more details about the software that MEUK offers to avoid this conundrum in this report: http://www.meuk.net/pdfs/webinars/MEUK%20Webinar%20-2006%20SR&ED%20DETAILED%20notes%20pages.pdf
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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…