Tag: tax
SR&ED stress might be around the corner for startups come tax time
Plus: Alberta’s battle over who is an ‘engineer’ hits the legislature. Welcome to BetaKit’s startup stories of the week! Here, you will find the…
Tax Court disqualifies government loan spending from SR&ED, with potentially devastating implications for Canadian tech
Recent ruling means startups can no longer “double dip” in government assistance. Canadian organizations that collect Scientific Research and Experimental Development (SR&ED) incentives may…
Jesse Wente wants Canada to “tax the hell” out of Big Tech, but he’s open to cutting deals
Forget arguments over algorithms: Wente wants the money to build something better. We’ve talked about several contentious bills from our federal government on the…
Boast.ai report maps government tax, grant programs available for small businesses
Companies can combine SR&ED with other funding programs. Though venture funding has mostly slowed down for the technology sector, there are other channels available…
BC government extends tax credit for digital media companies to cut employment costs
Minister of Innovation says tax credit will help nearly 250 companies in the province. The British Columbia government is extending the interactive digital media…
Thomson Reuters closes acquisition of US tax software company SurePrep for $500 million |BetaKit
Deal marks latest in series of AI-focused acquisitions made by Thomson Reuters. Toronto-based business information services firm Thomson Reuters shared on Tuesday that it…
Newly announced investment tax credits a huge leap forward for cleantech cashflow
Cleantech leaders think feds’ Fall Economic Statement did not disappoint. On November 3rd, Chrystia Freeland, Deputy Prime Minister and Minister of Finance, released the…
Statements from Alberta innovation minister cast doubt on return of investor tax credit
Glubish: “the AITC was not working to create long-term sustainable tech companies.” That Alberta’s government cares deeply about the success of the province’s tech…
Boast.ai leadership transition makes Alok Tyagi CEO to scale R&D tax credit company
Boast.ai co-founders Alex Popa and Lloyed Lobo will remain on the board. Boast.ai has a new CEO to boast about. The Vancouver-founded company has…
Saskatchewan budget light on overall innovation investments but increases startup tax credit
Province combines two innovation organizations hoping to create jobs, attract startups. Unlike some other, recent provincial budgets, Saskatchewan’s 2022-23 budget came in light on…