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Did you know there are two ways to claim SR&ED Overhead expenditures?

Most claimants use the proxy method to calculate SR&ED overhead expenditures since it is the simpler of the two methods. It is determined by multiplying your SR&ED labour expenditures by 55%. This is the default option for claiming overhead by most companies.

The second and less common method is the Traditional Method, which requires you to specifically identify overhead expenditures for SR&ED and report it on the SR&ED schedules similar to other direct expenditures such as labour and materials.

The proxy method is popular since it is easier to apply, however in some cases it may make sense to use the traditional method over the proxy method. …


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In the past years, Canada has become the center for research of Artificial Intelligence or commonly known as AI. The federal government and many huge companies are investing to further study and support this development.

Artificial Intelligence can make procedures smoother for businesses. These are the great benefits to be gained for business operations in terms of enforcing the use of Artificial Intelligence.

Efficiently handle big data

For any company, there are a huge amount of data that needs to be processed and organized. Some data gets outdated but by being connected to social media, mobile, cloud, or internet will help in updating the data necessary. …


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The Government of Canada and Quebec is contributing 17.4 million to Fortress Xylitol, more than half of $33 Million (the total project cost).

Fortress is commercializing its technology to produce xylitol, a low-calorie sweetener and a healthier substitute for sugar. It is mainly produced for the food market and food manufacturers and will be made from hemicelluloses generated by Fortress Specialty Cellulose Inc.

Fortress also aims to have a construction in Thurso for a demonstration plant where to do the testing of innovative processes for the xylitol production while reducing the lifecycle of GHG emissions.

THE FUNDING AMOUNT

The funding contributions are from the following:

$10.4M was provided by the federal government of Canada from the funding in Sustainable Development Technology Canada (SDTC).

$7M from the Government of Quebec. …

About

Bernice Ledesma

Working at http://www.evamax.com as an Online Marketing Strategist. She helps businesses in finding grants and funding for their projects.

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