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 [...]

It is common knowledge that a company has 18 months following their fiscal year end to submit a claim for SR&ED Investment Tax Credits (ITC). The claim can be submitted concurrently with a T2 or filed later as an amendment. However, the time you will wait before receiving your SR&ED ITC or cash depends on [...]

Time is of the essence when filing for an Industrial Research Assistance Program (IRAP) grant or loan. Oftentimes, an application for an IRAP grant made in September which gets approved may not be funded until the National Research Council’s (NRC) next fiscal year, when new money is allocated to the program. This happens because IRAP [...]

As consultants we meet with many different companies and, to our surprise, a substantial number of business owners, particularly owners-managers, are reluctant to tap into the government incentives available to them. Somehow these very capable, self-made, independent businesspeople perceive applying for government assistance or tax credits as an acknowledgement of their inability to succeed on [...]

The 2009/2010 budgets proposed by many provincial governments have just been announced. Many are keen to help businesses in the recession: corporate tax rates have been reduced across the board and many have slashed small business tax rates even further. In particular, British Columba proposed a small business tax rate of 2.5% and Manitoba is [...]

With the announcement of the 2009 budget, the Ontario government has significantly increased funding for innovative technologies. In particular, the government will set aside funds for the following: $300 million in new capital funds over six years for research infrastructure to be leveraged against the federal Canada Foundation for Innovation $250 million over five years [...]