On Feb 3, 2010, the BC Ministry of Finance announced changes to the provincial film tax credits and proposed creation of a new Interactive Digital Media tax credit resembling that of Ontario’s OIDMTC. Little details are known at this time. The press release issued by the B.C government reads: “Subject to approval by the legislature, [...]
Hi Everyone, Representatives from MCN will be leading a discussion tomorrow (January 13) at the Rich Media Institute. Specifically, we’ll be discussing how interactive media, game and advertising companies can claim SR&ED, and how it can also be used to convert sweat equity into real dollars. The discussion will last from 7PM-9PM. We look forward [...]
First, we would like to thank all of our clients, partners and families for helping make this a fun and exciting year for MCN. We would also like to wish everyone a Merry Christmas and Happy New Year. We’re looking forward to working with you all in 2010!
The SR&ED program makes Canada one of the most competitive research and development jurisdictions in the world. Mobile Capital Network, along with its legal partners have the ability to help multinationals leverage the SR&ED program to its fullest. MCN Partner and Principal, Alexei Gavriline, co-authored an article which first appeared in The Canadian, the magazine [...]
To paraphrase the Canada Income Tax Act, Section 181.2, taxable capital (for companies that are not financial institutions) is the excess capital a company has in its possession that exceeds its investment allowance for the year. Taxable capital includes capital stock, retained earnings, long term debt, advances received, surpluses, reserves, etc. The exact definition can [...]
Individual IT consultants who along with developing software for clients on a subcontract basis develop their own proprietary software regularly approach us at MCN. Quite often the proprietary software they develop is of an experimental nature and qualifies as SRED eligible work. This engagement prompted me to comment on some particulars of SRED program as [...]