The InGenuity Group

New taxpayers often make mistakes in their SR&ED technical narratives.

Guidance from the CRA on CEWS and SR&ED.

Don't miss the SR&ED Stakeholder webcast, March 25th from 1-4pm. Agenda items include recent legal rulings dealing with the medical sector and patents, statistics and COVID effects, and rules for video hearings. Our very own Elizabeth Lance will be one of the presenters this year again. Anyone involved in SR&ED tax credits from tax preparers to claimants will be interested in participating in this event. We are looking forward to hearing the different perspectives and the ana...lysis put forward by an outstanding panel of presenters. Many thanks to David Sabina for his efforts in organizing this event. Learn more: Register now: https://buff.ly/3ezBofg

The Manitoba Crop Alliance is now an agent for SR&ED.

Specified Employees in SR&ED: Restrictions and Regulations https://buff.ly/2Pt3MV9

The CRA has released new guidance for those who received the Canadian Emergency Wage Subsidy and how it will impact their SR&ED claim. https://buff.ly/3dUlig3

Are drilling costs eligible for SR&ED? It depends...

The Tax Court of Canadas Fast Track Settlement Process, what you need to know:

2019 revealed some interesting legal rulings relating to SR&ED

The second quarter of 2020 or the quarter which COVID-19 shut everything down...

Just Announced: SR&ED Time Limit Extension Proposal

Does "uncertainty" have you confused? You arent alone. Read here all about Line 242 on the T661.

Proxy or Traditional Method? It can be difficult to choose which one is right for you.

What is the Difference between the Pre-Claim Consultation (PCC) and the Pre-Claim Review (PCR)?

Breaking News: Innovation Employment Grant for Alberta

The first impression for your SR&ED claim is in the title. A clear, relevant project title can start your claim off in the right direction.

CATA has started a new series featuring Canadian Tech Firms. It is a fantastic read of how companies are surviving this pandemic. https://buff.ly/2OJbAzh

Will accepting government support hurt your SR&ED claim?

Salaries for specified employees can be more complicated than non-specified employees in SR&ED claims. What portion of their salary can be claimed?

The CRA announced that they are contacting claimants by phone in order to facilitate processing claims! This is great news for all claimants.

Personal privacy protection is vital in the day and age of technology and you have a right to be concerned about how your data is being protected. The CRA is listening to those concerns and analyzing their efforts.

COVID-19 has impacted all of our lives. Knowing how it may impact your SR&ED claim will help you prepare.

Did you miss the 2020 SREDStakeholder Webcast? We have compiled a summary of the presentations along with video playback for your viewing pleasure.

Dont miss the SR&ED Stakeholder webcast, TODAY, May 14th from 1-4pm. Agenda items include the new CRA directives and the new software examples, as well as CRA review procedures and SR&ED statistics by region. Anyone involved in SR&ED tax credits from tax preparers to claimants will be interested in participating in this event. Our very own Elizabeth Lance is one of the presenters! We are looking forward to hearing the different perspectives and the analysis put forward by an... outstanding panel of presenters. Many thanks to David Sabina for his efforts in organizing this event. Learn more: https://buff.ly/3b42CFt Register now: https://buff.ly/2WUdCjZ View here:

Keystone Concepts in SR&ED: Scientific or Technological Advancement (Line 246). Its not what you think it is...

Dont miss the SR&ED Stakeholder webcast, May 14th from 1-4pm. Agenda items include the new CRA directives and the new software examples, as well as CRA review procedures and SR&ED statistics by region. Anyone involved in SR&ED tax credits from tax preparers to claimants will be interested in participating in this event. Our very own Elizabeth Lance is one of the presenters! We are looking forward to hearing the different perspectives and the analysis put forward by an outsta...nding panel of presenters. Many thanks to David Sabina for his efforts organizing this event. Learn more: https://buff.ly/3b42CFt Register now: https://buff.ly/2W7l9N9

Be it written records, photographs, videos or statements of work, you likely already know how useful it is to have clear and extensive records of the work performed. Why is supporting documentation critical?

Worth reiterating - important changes hinted at in the 2019 Ontario Budget. A Review of ITCs, Based On Current Policy Research.

The Department of Finance released a study asking the question: Should SR&ED Consultants Be Banned? These are the results.

A recent recap of SR&ED changes in the 2019 Federal Budget. A Minor Change With A Major Impact

A simple - yet complex - requirement is to identify the field of science or technology where you are claiming to have made an advancement. What are the fields of science or technology covered by SR&ED?

With ransomware in the news regularly, we asked: how does ransomware affect SR&ED claims?

We get this question regularly. Heres the answer to whether you can apply for the SR&ED credit past the filing deadline:

2018 Report on Federal Tax Expenditures Offers Good News for the SR&ED Program

Is Canadian Innovation in Decline? We look at the numbers in relation to SR&ED. #Innovation #Funding #SRED

Useful Tools for SR&ED Documentation. #Innovation #Funding #SRED

Do you know the intent and evolution of the 5 Questions For SR&ED?

An interesting change to SR&ED has been announced in the federal budget: eliminating the income threshold for accessing the enhanced credit. What are your thoughts on the changes? #sred #Budget2019

Update: The 2018 Report on Federal Tax Expenditures (FTEs) Shows a Modest Increase in Money Spent on SR&ED Tax Credits

Is SR&ED As We Know It Under Threat?

SR&ED Program Funding: A program in decline? Our predictions vs. reality. #SRED #Innovation #Funding