A tax incentive for Canadian manufacturers is accelerated depreciation of manufacturing assets and corporations can maximize via a true valuation of its capital asset. In this sequel we quantitatively highlight how accurate asset capitalization involves your engineer and accountant. Example Consider a fictional Canadian corporation, ABC with the following simplified expense. Over two year period, … Continue reading Asset Capitalization Process and Tax Credits – An illustrative example of a Manufacturing Environment
Scientific Research and Experimental Development (SR&ED) is a generous government incentive program to aid Canadian business that promote in house research and development activities. Eligible businesses can benefit from refundable and/or non-refundable tax credits. Depending on your overall corporations tax scenario, you could receive cash and/or tax credits, which can be used to either, offset … Continue reading Claiming R&D tax Credits – Uncertainty, advancement and Developing a SR&ED Thought Process
TAXATION Receive an investment tax credit by hiring apprentices to replace your retiring workers. The potential retirement of the Baby Boomers is creating a gap in many trades that will have to be filled by inexperienced trainees. Companies whose success depends on the employment of highly skilled workers should be looking at their growth strategy … Continue reading Apprentice Job Creation Tax Credit
As part of our ongoing efforts to better engage and provide value to our clients, we regularly conduct informational tax webinars. Our webinar on February 20, 2015 focused on year end tax tips for business owners. Some of the topics covered in this webinar included:
Tax Implications of Mergers Mergers and amalgamations encompass a broad range of transactions. Their tax issues vary depending on a number of factors, including: whether the target company is public or private, whether the target is a resident or non-resident of Canada, impact of the year-end of both companies, application of capital and non-capital losses, … Continue reading Tax Implications of Mergers in Canada
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