LedgersOnline Blog

For all things accounting and bookkeeping.

What is SR&ED?

SR&ED (Scientific Research and Experimental Development) program is designed to encourage Canadian businesses of all sizes to conduct research and development in Canada that will lead to new, improved, or technologically advanced products or processes.

1. Generally there will be 12% HST on the sale of all goods and services after July 1, 2010.

Under the proposed rules, HST will apply to sales of goods where ownership and delivery are transferred to the purchaser on or after July 1, 2010. If either ownership or delivery of the goods occurs before July 1, 2010, the sale will not be subject to HST regardless of when the customer is invoiced for or pays for the purchase.

Contactor feature facilitates real-time project tracking and closes the communication loops between contractor and client. Businesses now have instant visibility into a contractor’s progress on a project in near real time, to rapidly respond to client questions and eliminate the time wasted with multiple emails and phone calls.

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