The Government of Canada is stepping up its commitment to innovation with a $1.9 billion investment over six years to enhance the Scientific Research and Experimental Development (SR&ED) Tax Incentive Program. This program already supports over 22,000 businesses, and the latest reforms make it even more accessible and beneficial for Canadian companies. Here’s what’s new: […]
In a helpful move aimed at enhancing efficiency and clarity for filmmakers, Creative BC has launched a dedicated deadline calculator for its two key tax credit programs: the BC Production Services Tax Credit (BC PSTC) and the BC Film and Television Tax Credit (BFTTC). This development is part of Creative BC’s ongoing commitment to improving[…]
Toronto Metropolitan University (TMU) has announced that 24 of its researchers have secured $4.5 million in funding from the Natural Sciences and Engineering Research Council of Canada (NSERC). The grants, awarded through NSERC’s Discovery Grants program and announced by the Government of Canada in June 2024, are set to boost research and innovation across TMU’s[…]
Scientific Research and Experimental Development (SR&ED) project narratives are crucial for Canadian companies seeking to maximize their tax credits. A well-crafted narrative can significantly impact the success of your SR&ED claim. This article will provide valuable tips for writing effective SR&ED project narratives, with guidance from CTAP.CA, a leading consulting group specializing in funding assistance[…]
Scientific Research and Experimental Development (SR&ED) tax credits are a valuable source of funding for innovative Canadian companies. Proper documentation is crucial for supporting your SR&ED claim and maximizing your chances of success. This article will explore essential SR&ED claim documentation best practices to help you navigate the process effectively. What Are SR&ED Claim Documentation[…]
Effective documentation is crucial for maximizing your SR&ED funding potential. Proper record-keeping not only supports your claim but also streamlines the application process and helps you defend your project in case of an audit. This comprehensive guide will walk you through the best practices for documenting your SR&ED projects, ensuring you’re well-prepared to secure the[…]
For startups in Canada, understanding the Scientific Research and Experimental Development (SR&ED) program can be a game-changer. This tax incentive program offers significant financial benefits to companies engaged in innovative research and development activities. However, navigating the eligibility criteria can be complex, especially for new businesses. This guide aims to simplify the SR&ED eligibility criteria[…]
CTAP, a consulting firm with over 25 years of experience, specializes in helping Canadian businesses secure government funding and tax incentives, including assistance with the CanExport program which offers up to $75,000 for small and medium-sized businesses expanding internationally. Leveraging SR&ED for R&D Funding The Scientific Research and Experimental Development (SR&ED) program is a valuable[…]
In an exciting move to empower Canadians and propel the nation forward in artificial intelligence (AI), Prime Minister Justin Trudeau unveiled a groundbreaking investment of $2.4 billion set to feature in Budget 2024. This significant commitment aims to not only cement Canada’s position as a global AI leader but also to create meaningful opportunities for[…]
Attention Canadian businesses! CanExport SMEs is back in action and ready to support your international endeavors, but you must act fast! With applications open for just three months, this is your chance to propel your business onto the global stage and seize transformative opportunities before the window closes. CanExport SMEs recently underwent a temporary pause[…]
