News

Advance Ruling

Elimination of the requirement to obtain an advance ruling for R&D tax credits Currently, a taxpayer can benefit from a R&D university tax credit (80% of the amount of a research contract instead of 50%) only if a favourable advance ruling has been given by the Minister of Revenue regarding the research contract. This requirement will be replaced starting March…

The impact of the CEWS on your tax credits

Canada Emergency Wage Subsidy (CEWS) For each employee eligible to the SR&ED tax credit for whom you have received the Canada Emergency Wage Subsidy (CEWS) a reduction of eligible wages will have to be calculated. This deduction will reduce your tax credits proportionally to the time spent, during the subsidized period, by your employees on eligible projects. For further details…

Methodology to determine if work meets the definition of SR&ED

Was a record of the hypotheses tested and the results kept as the work progressed? Is this question provoking indifference or questioning ? From October, with the coming into force of the new form, there will be an obligation to answer this question and the only answer possible in order to be eligible to your SR&ED credits will be «yes».…

Federal Budget 2018-2019

The Government will streamline the program suite in part by designating four flagship "platforms" Federal – February 27th 2018   1. Industrial Research Assistance Program (IRAP – NRC) Investment of $700 million over five years to support business research and development for projects. 2. Strategic Innovation Fund New focus to support research and development projects over $10 million 3. Canadian Trade…

Québec Budget 2018-2019

Some interesting fiscal measures   Québec Budget – March 27 2018 Highlights :   On-the-job training : Raising the refundable tax credit rate for on-the-job training of Aboriginal trainees from 24% to 32%. Increasing the weekly qualified expenditure limit from $600 to $700. The maximum hourly rates respecting the salaries or wages of an eligible trainee and of an eligible supervisor are increased from $18 to $21 and…