http://www.mnp.ca/media-centre/blog/tags/sredSR&ED Blog Post RSS FeedCopyright 2012MNP All rights reserved.The video game development industry has come a long way since Super Mario Bros. on the first 8-bit Nintendo console. As with the music industry, where artists can record, produce, master and release their works to the public independently.http://www.mnp.ca/en/media-centre/blog/2009/11/9/sred-for-video-game-development/Mon, 09 Nov 2009 00:00:00 GMTAsking yourself these questions could save you a lot of money. The Scientific Research and Experimental Development (SR&ED) tax credit is a valuable incentive which can provide a refundable tax credit for Canadian businesses. For example, a private company that spends $100,000 on SR&ED can earn a net after tax savings of approximately $47,000.http://www.mnp.ca/en/media-centre/blog/2010/1/27/taking-advantage-of-the-scientific-research-and-experimental-development-sred-tax-credit/Wed, 27 Jan 2010 00:00:00 GMTThe first step in taking advantage of the Canada Revenue Agency’s (CRA’s) SR&ED tax credit incentives is to determine if you are performing qualified SR&ED work. Once you’ve established that, the next step is to produce documentation and evidence to support that eligible work was done and that eligible expenses were incurred.http://www.mnp.ca/en/media-centre/blog/2010/3/1/documenting-your-scientific-research-experimental-development-sred-claim/Mon, 01 Mar 2010 00:00:00 GMTThe Scientific Research & Experimental Development (SR&ED) Tax Credit Program offers over $4 billion per year in funding and is the single largest source of federal government funding for industrial research and development. Your food-processing business may be missing out on significant SR&ED tax refunds.http://www.mnp.ca/en/media-centre/blog/2010/4/15/is-your-food-processing-business-missing-out-on-significant-sred-tax-refunds/Thu, 15 Apr 2010 00:00:00 GMTThe first step in taking advantage of the Canada Revenue Agency’s (CRA’s) SR&ED tax credit incentives is to determine if you are performing qualified SR&ED work. But how do you know if you're doing qualified work? The first thing to figure out is whether or not you have performed a technological advancement. http://www.mnp.ca/en/media-centre/blog/2010/4/27/just-what-exactly-is-a-technological-advancement-in-the-sred-program/Tue, 27 Apr 2010 00:00:00 GMTFrom our last post we know that the first thing to figure out is whether or not you have performed a technological advancement. One of the key factors into determining whether or not an advance happened are what obstacles did you have to overcome, or rather what uncertainties did you have when attempting to achieve your technological advancement? http://www.mnp.ca/en/media-centre/blog/2010/6/9/just-what-exactly-is-a-technological-obstacle-in-the-sred-program/Wed, 09 Jun 2010 00:00:00 GMTWhile Canada has an excellent system of food safety, recent crises and product recalls have given food safety a high public profile -- raising the question of whether government and the food industry are investing sufficient financial and human resources to adequately address complex risks.http://www.mnp.ca/en/media-centre/blog/2010/8/25/its-time-to-consider-a-food-safety-tax-credit/Wed, 25 Aug 2010 00:00:00 GMTThe Canada Revenue Agency currently has a tax credit program in place that may allow a Credit Union to receive a refund for a portion of expenditures made to address off-the-shelf system deficiencies, extensions to the application that are required to meet Credit Union business practices, or architecturally based shortcomings.http://www.mnp.ca/en/media-centre/blog/2010/11/17/how-credit-unions-can-use-innovation-as-a-tax-advantage/Wed, 17 Nov 2010 00:00:00 GMTRunning a winery is demanding and understanding the business of wine can be a full-time job. But to be successful, you need to tend to your business plan and tax situation as much as your winery. Knowing what tax-incentive programs are out there allows you to make informed business decisions and grow your operation.http://www.mnp.ca/en/media-centre/blog/2011/3/30/harvest-the-benefits-of-tax-incentive-programs-for-your-winery/Wed, 30 Mar 2011 00:00:00 GMTOn October 17, 2011, the Jenkins Commission released the long-awaited findings of its review of federal support for R&D in Canada in the report Innovation Canada: A Call to Action.http://www.mnp.ca/en/media-centre/blog/2011/10/27/sred-changes-what-do-they-mean-for-you/Thu, 27 Oct 2011 00:00:00 GMTIf you’re doing R&D to provide the same product at a lower cost; improve packaging, environmental sustainability, or web-based customer interaction; establish traceability; or develop functional or anti-allergenic foods, you may be eligible for the SR&ED tax credit.http://www.mnp.ca/en/media-centre/blog/2012/4/23/2012-federal-budget-is-ripe-for-innovation-for-the-canadian-agri-food-industry/Mon, 23 Apr 2012 00:00:00 GMT