Bill C-15 significantly strengthens the SR&ED tax credit in Canada: the spending cap is doubled to $6M, capital expenditures are eligible again, and access is extended to public companies. These changes increase refundable credits and directly support business innovation.

Canada is rolling out numerous federal and provincial programs to support the adoption of clean technologies. Grants, tax credits, and support target key sectors such as energy, transportation, agriculture, and industry. This strategic lever aims to accelerate the transition to carbon neutrality.

As the year winds down, businesses across Canada are gearing up for tax season. For those in innovation and research, securing R&D tax credits is a critical part of the process. Yet, these valuable opportunities are often overlooked. Starting your Research & Development (R&D) tax credit preparation early offers significant advantages for startups and established companies alike. Early action not only simplifies the process but also ensures you maximize your claim. Here’s why getting a head start can be a game-changer for your business.

As the U.S. undergoes post-election shifts, Canadian businesses with cross-border interests are closely watching how changes in American policies on R&D tax credits and grants might affect their operations.

For some decades now, companies established in several countries have implemented a transfer pricing policy in order to justify their intra-group transactions. The exceptional economic situation due to the health crisis has raised concreted issues regarding the application of transfer pricing rules.

As of January 1st, 2021, new changes to contact The Canadian Revenue Agency (CRA) over the phone will take into effect. CRA is tasked with protecting the information of businesses and individuals and in doing so will require additional information from a person contacting them about financial information.