Search Results for: Canada Revenue Agency

Canadian Small Business Tools – Automobile Benefits Online Calculator

The Canada Revenue Agency (CRA) has developed an innovative tool for small businesses that are looking to calculate their estimated automobile benefits for employees or shareholders. Automobile Benefits Online Calculator allows businesses to enter and calculate their recommended automobile benefits to prorate to their employee’s pay periods. These amounts can then be added to an…

Ontario Research and Development Tax Credits for Small Businesses

Small Businesses in Canada operate with a wide variety of options to choose from regarding government incentives for Scientific Research and Experimental Development Programs (SR&ED). The government realizes the potential benefits of R&D projects along with the risks and costs associated with it. Therefore, the Canadian Government has released various tax credits which can be…

Research and Development Incentives for Canadian SMEs

Research and Development is a costly process that will not always yield the intended returns. However, it is a necessary process to promote growth and innovation within Canadian Industries. This is why the Canada Revenue Agency (CRA) is offering the Ontario Business Research Institute Tax Credit (OBRITC). Businesses who are considered eligible will receive a…

Ontario Computer Animation and Special Effects Tax Credit

The Ontario Computer Animation and Special Effects tax credit (OCASE) is a refundable tax credit for corporations that perform eligible activities related to computer animation and special effects. On behalf of Ontario through the federal income tax system, the Canada Revenue Agency (CRA) runs this program and monitors it. For eligible activities, the credit is…