PwC's SR&ED tax publications discuss federal, provincial and territorial R&D tax incentives, and how your business can benefit from these incentives.
SR&ED Tax clip: Provincial and territorial R&D tax credits - 2014 (January 15, 2015)
Canada offers one of the most favourable packages of R&D tax incentives among the major industrialized countries. In addition to the federal incentives, taxpayers carrying on R&D can also benefit from provincial or territorial tax credits.
Tax Insights: TCC rules in taxpayer’s favour in SR&ED case (Les Abeilles)
On October 23, 2014, the Tax Court of Canada (TCC) released its decision in Les Abeilles Service de Conditionnement Inc (in French only). The TCC overturned the Canada Revenue Agency’s position that the four projects under dispute were not scientific research and experimental development.
SR&ED Tax clip: Federal investment tax credits for R&D and property – 2014 (September 15, 2014)
Canada offers one of the most favourable packages of R&D tax incentives among the major industrialized countries. Federal, provincial and territorial R&D tax incentives are available.
Tax Insights: SR&ED Form T661 revised: Claim preparer information required
On October 31, 2013, the Canada Revenue Agency released revised Form T661, Scientific Research and Experimental Development Expenditures Claim, which contains new Part 9 – Claim preparer information. The revised form is required for claims filed starting January 1, 2014.
Tax insights: Introduction of a refundable tax credit for the integration of Information Technologies in manufacturing SMEs (No. 2013-14)
The objective of this new program from the Quebec Government is to support Quebec manufacturing companies that want to invest in technology and integrate IT in their business processes by offering a refundable tax credit pertaining to expenditures on qualified management software package.
Tax Insights: Does your documentation reflect the five questions?
To support a scientific research and experimental (SR&ED) claim, contemporaneous documentation should reflect the current 5-question assessment approach – a refinement of the three-criterion approach.