What is New?
March 31, 2011
Tax Breaks Bring Hope for Hiring. This is an interesting article on the impact of R&D tax credits on Hiring.
March 28, 2011
Who are the Big R&D Spenders. Check this article in the Economist comparing R&D spending by multi nationals.
September 05, 2010
President Obama seeks to make the US R&D Tax Credits permanent. The presisdent also plans to ask congress to increase the rate from 14 to 17%. This is part of the administation's plan to jump start the US economy and create new jobs. The tax credits are intended for businesses that invest in research and development.
Saskatchewan's portion of the R&D tax credit is now fully refundable. As of May 14, 2009, Saskatchewan based businesses can now get a full refund of there R&D tax credits at the rate of 15% of the qualifying expenditures incurred after March 18, 2009. Prior to the changes introduced in Bill 87, the Saskatchewan credit was non refundable.
No changes have been made to the definition of qualifying work that can be claimed.