Among various funds and grants available to food and beverage industries, Scientific Research and Experimental Development Incentive program (SR&ED) is one of the lucrative one. Many food and beverage industries do not consider filing for SR&ED because they do not believe they qualify. While it is true that altering a recipe by itself does not constitute SR&ED, many companies in the … [Read more...] about Food and Beverage Companies Can Receive Government Funds
SR&ED
Government Funds for Tool & Die Machine Shops
Tool and Die shops are subject to constant technological challenges or obstacles to meet their clients needs. The challenges that involve experimentations and trials would qualify for SR&ED tax credits. Typical examples of eligible SR&ED work for tool and die machine shops include: Develop a complex die for stamping or punching miniaturized parts Design a complex mould for injection of … [Read more...] about Government Funds for Tool & Die Machine Shops
New Funding Assessment Tools Are Now Available From CRA
As part of Canada Revenue Agency (CRA) effort for educating and assisting small to mid-sized businesses for Scientific Research and Experimental Development (SR&ED) incentive program, CRA released two new tools namely Self-Assessment Learning Tool (SALT) and the First-Time Claimant Advisory Service (FTCAS). Read the following release for more detailed information: The Canada Revenue Agency … [Read more...] about New Funding Assessment Tools Are Now Available From CRA
$4b Funding Budget Reduced to $3b Within Two Years
Since 2012 The CRA started introducing a number of mandatory changes to the SR&ED program. This resulted in significant drop of SR&ED budget from approximate $4b in 2012 down to $3.6b in 2014. The key changes include: In 2012, The budget announced new funding of $6M over two years for the CRA to implement changes to the administration of the SR&ED program which includes: -Conduct a … [Read more...] about $4b Funding Budget Reduced to $3b Within Two Years
Take Advantage of More Than $10M Funds for Your Printing Business
To be competitive in digital printing market, innovation; creativity; and process efficiency are the keys to success. However, investing on these types of activities required considerable financial investment and manpower. Printing companies usually have two separate streams of development work: they either work on design and development of an online design and ordering solutions or development … [Read more...] about Take Advantage of More Than $10M Funds for Your Printing Business
What documents and evidences would support SR&ED projects?
The supporting documentation and evidences to defend SR&ED claims could be any of the followings: -Project planning documents -Documents on design of experiments -Experimentation plan -Design documents and technical drawings -Project records, laboratory notebooks -Design, system architecture and source code (software development) -Records of trial runs -Project progress reports -Photos, … [Read more...] about What documents and evidences would support SR&ED projects?