Organization: Tax Court of Canada

Court ruling on aerospace R&D tax credit case affects entire tech sector

A Tax Court of Canada ruling that reduced a Montreal aerospace company’s federal Scientific Research and Experimental Development tax credits impacts the entire tech sector and further complicates a government incentive program already rife with problems and in need of reform, say innovation advocates.

Stock options allowed for SR&ED claim

Alcatel Canada Inc has won an appeal of a tax ruling that denied the eligibility of stock option benefits on the basis that they were not expenditures incurred under the scientific research and experimental development (SR&ED) tax incentive program. Alcatel won the appeal on February 24 before the Tax Court of Canada, which ruled that…