We are proud of our clients’ achievements! Emergex successfully claimed the SR&ED tax credits for Mariner Endosurgery in the last few years, enabling them to stretch their investment dollars and accelerate their research and development efforts in the medical field.
Endosurgery Wins FDA Clearance for Ground-breaking Augmented Reality Surgical
Washington, DC, Dec. 13, 2018
(Globe Newswire) — Following months of review, the US Food and Drug
Administration cleared Mariner Endosurgery’s LaparoGuard Augmented Surgical
Navigation system for use in US operating rooms. Hospitals and surgical
facilities will now be able to incorporate this game-changing surgical navigation
system from Mariner, the Canadian medical device company innovating in advanced
surgical visualization and laparoscopic instrumentation.
LaparoGuard is an augmented
surgical navigation system that enables surgeons to annotate areas of 3D safety
zones during minimally invasive procedures, to aid them in guiding their tools
and to inform them in their surgical approach. Similar to the heads-up display
of a fighter jet, LaparoGuard allows surgeons to annotate areas of risk, and
then see 3D renderings of surgeon-defined safety zones as a real-time image
overlay, without looking at a separate screen. This information is integrated
into the operating room’s conventional visualization equipment and provides
surgeons with additional spatial awareness information. In addition,
LaparoGuard provides continuous tracking of multiple tools throughout a
procedure for real-time location updates within the abdominal cavity.
LaparoGuard enables a surgeon
areas of risk intraoperatively and display surgeon-specific safe zones to
enable optimal tool path and spatial awareness during laparoscopic cases.
- Select a mix
of audiovisual augmented reality on both primary and secondary surgical
monitors, without the use of a conventional AR headset.
real-time feedback systems to inform the surgical team without adding
distraction or removing focus from the intended surgical site, while providing
novel technology into existing clinical workflows and conventional laparoscopic
“LaparoGuard empowers surgeons
with the latest in advanced visualization, augmented reality and spatial
awareness tools for minimally invasive procedures,” explained Mitch Wilson,
President of Mariner Endosurgery. “Our upcoming pipeline of surgical
visualization and advanced laparoscopic instrumentation will further support
LaparoGuard and our company thesis of putting the right innovation, at the
right time, in surgeons’ hands. I am proud of our team’s efforts as we look
forward to seeing LaparoGuard successfully deployed in operating rooms across
the United States.”
Source: New navigation system brings surgeons unprecedented 3D
spatial awareness during minimally invasive abdominal procedures
Mariner Endosurgery Inc. is a Hamilton-based company that develops and
commercializes innovative computer-assisted medical devices for future-facing
laparoscopic surgeries. Their flagship product LaparoGuard is a novel
soft-tissue surgical navigation platform that augments visualization and is
designed to enhance the safety profile to assist surgeons in delivering a
superior quality of care to their patients.
is a consulting firm specialized in financing
technology companies through claims of Scientific Research and Experimental
Development (SR&ED) and E‑Business (CDAE) tax credits, the Industrial
Research Assistance Program (IRAP) grant and other government aids.
Our team of
industry experts (PhD, MSc, BSc, MBA, PMP, engineers, computer scientists,
accountants and tax experts) have mastered the specific technologies of each industry
and the related legislation to support our clients from A to Z in the claim
years, Emergex has been helping its clients receive hundreds of millions of
dollars in government tax credits and grants.
proud to contribute to Mariner Endosurgery’s continued success!
(Article published on March 2, 2016, on the website of YAD International)
Your head office is located outside Canada, and you are in the technology development business. Have you ever thought of setting up an R&D team in Canada? In addition to abundant local expertise and cutting-edge infrastructure, the federal and provincial governments provide very attractive tax incentives.
Are you in Europe, in Asia, or anywhere in the world, and think Canada is the land of winter and of igloos? Maybe, but it is also much more than that! It is one of the most advanced nations on the planet in terms of innovation, as well as research and development. The country considers such investments to be strategic for its competitiveness in the face of globalization. Results: over the last quarter century, Canada has brought in tax incentives to encourage R&D investments, supported by annual budgets of several billion dollars.
As Pierre Savignac, Founding President of Emergex SR&ED Consultants, puts it: “The largest industrial research assistance program in Canada is known as Scientific Research and Experimental Development (SR&ED). Quebec also has a program aimed specifically at information technology, and it is known as the Tax Credit for the Development of E-Business (CDAE). These two sources of public assistance are also available to foreign businesses.
The SR&ED program allows a foreign company established in Quebec to claim up to 35% of R&D employee salaries, versus up to 74% for a Quebec company. There’s also 18% of subcontractors’ fees that can be claimed (38% for a Quebec company). For the CDAE program, we can claim 30% of gross salaries, but the program covers a broader range of technical activities. It is thus possible and financially profitable for a foreign company to create an R&D team in Canada.
For French companies in particular, Quebec provides a variety of additional benefits. “We share a common language, a common culture, a similar legal system, as well as exclusive immigration agreements which facilitate employee movement from one side of the Atlantic to the other”, adds Pierre Savignac. The president of the firm which specializes in SR&ED, relates the cases of some of his French clients: “Labour laws in Quebec are way more flexible than in France! Being able to correct a ‘hiring error’ by paying out just two weeks of severance pay creates a dynamic professional environment which fosters meritocracy and investment.”
Many Canadian and foreign companies are already enjoying these generous grants and subsidies. So, why not you? You must also be aware that firms such as Emergex SR&ED Consultants are experts in preparing SR&ED and CDAE claims and can thus guide and advise you in all your efforts.
Contact the experts at Emergex today for more information about these programs and their unique features!
Mike C. Evans, one of Emergex’s client managers based in our Toronto office, was asked for an interview by a journalist from Tech & Design. The article written provides an introduction to the government program of tax credits for SR&ED, as well as its challenges, especially for startups. Emergex is mentioned several times, especially for its ability to assist startups and other companies of all sizes in the claims process. Emergex also plays a role of education for startups, which by definition would be the first beneficiaries of SRED, but often do not know the program. Here’s an excerpt of this interview:
If you’re a startup developing experimental technology – and that’s most startups in Canada – the government wants to help you recoup a good chunk of the costs that come with cutting-edge R&D.
Administered by the Canada Revenue Agency, the Scientific Research & Experimental Development program (SR&ED) offers a tax credit for eligible R&D expenses. The program has no fixed budget, so all eligible claims are approved. Mike Evans, Client Manager for SR-ED consulting firm Emergex, says that in 2012 alone the program processed 25,000 claims worth $3.6 billion in tax credits.
“The government is helping innovation in Canada by reimbursing some of the R&D investments that these companies have made,” says Evans. “SR&ED has been around for 25 years and yet, believe it or not, you’d be amazed how many people don’t know about it, and worse, how many think they’re not eligible.”
Emergex, which has been in this business for 20 years, helps tech startups determine their eligibility for SR&ED claims, and as well to put together and file those claims.
There are two parts to a claim. The first contains a 1400-word technical narrative describing why the R&D in question is eligible. The second part consists in a financial data collection that must be carefully right-sized (neither too much nor too little) to make sure the dollars being claimed match and support what’s actually been done. Success means recouping about 68% (for Ontario) of eligible salaries and in some case bonuses. A rejection or mishandled claim could lead to an audit, which Emergex is also well-equipped to defend.
“The biggest mistake startups make is when they try to file a claim themselves,” says Evans. “It’s a skilled, complex, sophisticated process. It’s not like filling out a T1 for your income tax return and 20 minutes later it’s done.”
Both parts are challenging. The technical narrative may seem straightforward, but “it’s where most of the claims are denied,” Evans says. “It’s knowing how to describe the technology in a way that meets some basic criteria: did the company have to overcome any technological uncertainties? Were there obstacles that had to be overcome that couldn’t be fixed by off-the-shelf solutions?”
The next step is to determine the number of eligible hours, a process which can often stall the claim. “What we find is that, especially with the smaller companies, they’re busy building and selling their product, and they’re not always the best administrators and accountants. So when we ask them to extract and compile the numbers – in other words, the efforts invested in hours and how much they pay people – that can be a challenge because they have no records, or poor records.”
A big hurdle Emergex is working to overcome is the 42% of companies that could file for SR&ED just don’t (according to Canada Revenue Agency’s own statistics), for lack of knowledge.
“Just about anybody that is a startup could be eligible,” says Evans. “They’re innovators who believe they have an idea that’s new, or else they wouldn’t be doing it. So by definition that means they could be eligible for SR&ED, and I wouldn’t discourage anybody from giving us a call and inquiring.”
You can reach Mike Evans by e-mail at email@example.com or by phone at 905-849-3033 #645.
Our Client Manager based in our Toronto office , Mike C. Evans, was asked for an interview by Tech & Design. This article, published on June 10th, provides an introduction to the government program of tax credits for SR&ED, as well as its challenges, especially for startups. Emergex is mentioned several times, especially for its ability to assist startups and other companies of all sizes in the claims process, but also for its work of information with startups, which by definition would be the first beneficiaries of these grants, but often do not know the program.
The Government Is All But Giving Away Money To Startups – And You’re Missing Out
Is increasing your sales one of your resolutions for 2016? Well, you’re not alone! Now is the time to start exporting outside Canada. Good news: the federal government can help.
After the Quebec government’s assistance program (Export Program), whose budget was exhausted before all applications could be met, it’s the federal government’s turn to institute a grants program to help Canadian businesses export their products. We’re talking about the new CanExport program, which officially launched on January 5, 2016, and will help small or medium-sized businesses to exploit export opportunities. This grant can refund 50% of expenses, up to $99,999.
Eligible activities covered under the program include:
- business travel abroad
- participation in trade fairs and trade shows
- market studies
- adaptation of marketing tools to new markets
- legal fees related to distribution or agency agreements
- have between 1 and 250 employees
- have no less than $200,000 in annual revenue declared in Canada
CanExport is being co-delivered by the Government of Canada through an administrative arrangement between Global Affairs Canada’s Trade Commissioner Service (TCS) and the National Research Council of Canada’s Industrial Research Assistance Program. CanExport is a five-year, $50-million program. This generous program will very likely be a huge hit, so you’d better hurry before the funds run out!
For more information
Emergex SR&ED Subsidies, the expert in SR&ED and E-Business programs (CDAE), can guide you to its partner specializing in claiming this grant and related services. Contact us for an introduction.
The SR&ED credit program attracts many companies operating in various sectors, from IT through life sciences to manufacturing. Rather than accelerating the processing of inspections, which are becoming ever more numerous, by boosting its teams, the Canada Revenue Agency seems to have adopted a strategy of extending processing times.
Is the CRA further removed from the reality of companies that develop R&D ? This is the question that comes to mind upon considering the new requirements which have to be met by companies which are not always prepared to do so. The government’s scientific research and experimental development program has been refined over the last thirty years, becoming more precise, but also, more complex. Out of necessity, an entire industry of consultants has grown to help companies. For the last two years, the industry has seen a real explosion in the number of verifications, as well as cuts, which are sometimes huge. On top of this, processing times for claims has been increasing. This can easily be explained: not only does the Canada Revenue Agency impose stricter criteria, it also lacks adequate human resources. The result? An extension of response times, which sometimes take up to a whole year! This can be clearly damaging to a start-up and its cash flow. To survive this severe blow, some companies turn to the services of specialised tax credit pre-financing companies, such as R&D Capital.
An ever increasing number of companies which used to prepare their SR&ED statements by themselves are receiving a letter from tax authorities informing them that they have to undergo an eligibility examination. This audit can easily become a nightmare. With the government’s requirements becoming even more stringent, some companies are simply unable to cope. Today, technological projects which would have been easily accepted in the past are rejected. Sometimes, even its cuts reach up to 100%! This means a total loss for the company.
Due to this radical hardening of the position of the CRA, R&D firms of all sizes are discouraged and just give up. They simply abandon the program, setting aside thousands of dollars owed to them. Others, on the contrary, decide to take the bull by the horns and seek the help of professionals. These SR&ED tax credit consultants have acquired enough expertise to make all the difference. Such is the case with Emergex SR&ED Subsidies which, thanks to its technology and taxation experts, is capable of taking charge of the entire SR&ED tax credit claim procedure, while rapidly adapting itself to constantly evolving constraints. Emergex can equally take over a problematic file prepared by another resource, and then rework and realign it so as to defend it during examination by the Canada Revenue Agency’s auditors. As Pierre Savignac, President and Founder of Emergex SR&ED Subsidies, which also claims e-business development tax credits (CDAE), explains, “An increasing number of companies are coming to us for help with their CRA inspections“.
With the hours and hours that must be devoted to each SR&ED tax claim, the CRA’s ever more stringent requirements, the increase in the number of verifications, endless processing delays, Revenue Canada seems to be moving further away from the realities of SMEs, whereas this grants programs is intended for them. SR&ED professionals firms offer a secure and effective solution for innovative companies.
For more information: www.emergex.com | Montreal 514.765.3333 | Quebec 418.907.9254 | Toronto 905.849.3033
A recent study reveals that almost half of startups don’t take full advantage of available government funding such as Scientific Research & Experimental Development (SR&ED) tax credits and Industrial Research Assistance Program (IRAP), even though they allow companies to recuperate a large portion of the salaries invested in R&D. One of the reasons given for not applying to these programs is the fact that many entrepreneurs believe that they are too small to invest time and money in such an endeavor. However, with the help of experts like Emergex, it is possible for very small companies to apply to these tax credits and subsidies with an investment on only a few hours by the entrepreneur.
The « intranet.montrealinc.ca » project developed by Symetris was nominated for the award of the « Coup de cœur TI » from the public. Emergex congratulates its client for this nomination in the Octas contest.
Symetris implemented its project at the Montreal inc Foundation. The intranet is in the center of all actions of the Foundation, enjoying multiple features. All steps are managed within the same system: the application process for different kind of professionals, volunteer management, and all services offered to the winners (training, mentoring, events). This centralization of data allows a variety of reports listing all the activities of the organization.
Congratulations to Symetris for this distinction!
Emergex is proud to highlight the performance of its client Gestisoft, an integrator of CRM solutions, for receiving the award for best « Business Solution – Packages », at the 29th edition of the Octas contest on May 28th. Gestisoft was rewarded for its project « Personal Customer Relationship Management » for the Musée de la civilisation de Québec using the Pivotal/CRM solution and integrated by the team of Pier Lemyre
Gestisoft, with the implementation of the Pivotal/CRM solution allows the Musée de la civilisation de Québec to enhance its global management by substituting around fifty databases and systems. This project helped the Museum to manage 30.000 contacts, mass mailings, unsubscriptions management, consents (in respect of the C-28 law), online profiles, resources managements (places, human, hardware) and a lot of functions!
Congratulations to Gestisoft and its team for this great success!
In an article published in The Globe and Mail, we learn that the number of notices of opposition by tax payers claiming SR&ED credits has increased by a factor of 25 between 2007 and 2014. It is a direct result of measures to tighten the program started by the Canada Revenue Agency in 2008. The notice of opposition an administrative mechanism which allows a tax payer to object to a decision taken by the Agency, and is a required first-step before suing the CRA at the Tax Court of Canada.
In the last few years, the CRA has increased its requirements relating to documentation and to following the scientific method during SR&ED projects. The new audit procedure reflects this approach with the use of the five key questions.
Another sign of the increased difficulty of claiming SR&ED credits is the number of new cases in front of the Tax Court of Canada. In 2014, it jumped to 42 from only 20 in 2012. In total, it’s 80 cases regarding SR&ED that are waiting at the tribunal.
To avoid being a victim of these statistics, it is important to put in place a good work methodology, including maintaining sufficient documentation and hypotheses and hours logs. Do not hesitate to contact Emergex for any help. We offer, at no charge, a specially designed timesheet system to compile SR&ED activities and hours.