Innovation Digest: SR&ED News and Exclusive Offers

During his economic update of December 2, 2014, Finance minister Carlos Leitao announced a second wave of cuts to the Research and Development (R&D) program in 6 months. For the fiscal years beginning after December 2, the first $50,000 in eligible expenses incurred by businesses will now be excluded in calculating the credit. This threshold […]

Six months after his first budget, which weakened Quebec’s traditionally advantageous research and development (R&D) position, Minister Leitao has struck a second blow to the flagship economic and technological development program. This time around, it is SMEs that are taking the most direct hit. The government will in effect be establishing a minimum expenditure threshold […]

Facing the prospects of a much larger deficit than anticipated, the Couillard government tabled its first budget on June 4, 2014. Given the realities of the current environment, it comes as no surprise at all that he announced major spending cuts, as he has to meet his balanced budget objective. Businesses will be particularly hard […]

ConstructBuy.com developped by our client ECC Solutions was selected as best web solution at the 28th edition of the Octas which was held on May 24th. ConstructBuy.com is a social network for companies in the construction industry. This communication platform allows for the exchange and filling of information in real time between organizations involved in […]

The Ontario budget tabled on May 1st didn’t bring any changes to R&D tax credits and the Interactive Digital Media Tax Credit. It does, however, mention that business spending on R&D  in the province is lagging behind the U.S. As such, the government is studying ways to restructure tax support for R&D, including the possibility […]

The Business Development Bank of Canada (BDC) has recently announced that it has terminated its SR&ED consulting service. The BDC has directed its ex-customers to rely either on their external accounting firm or independent SR&ED consultants who perform these duties. In fact, many of these clients were unaware that it is not employees of BDC […]

On October 31, 2013, the Canada Revenue Agency (CRA) published a new version of the T661 form used to describe projects and claim expenses for scientific research and experimental development (SR&ED). These changes follow the announcements made in the March 2013 federal budget. Simplification of project data Some changes were made to Part 2 (Project […]

Pierre Savignac, Founder & CEO of Emergex SR&ED Consultants This article by journalist Emmanuelle Gril was originally published in French on Jobboom.com. Pierre Savignac, having graduated with a bachelor’s degree in computer science from the University of Montreal in 1986, is running his third company.  For as long as he can remember, he always wanted to go […]

We want to congratulate our client, Steeve Duchesne, CEO and founder of Axon Integration & Development, for his nomination as chairman of the board of directors of the Association Québécoise des Technologies.