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COVID Alert, a New Mobile App, is Now Available for Canadians to Notify Them of Potential COVID-19 Exposure
August 6th, 2020The Canadian government is acting to ease restrictions and safely restart the economy. In an effort to contain the virus and keep Canadians safe and healthy, Prime Minister, Justin Trudeau, and the Premier of Ontario, Doug Ford, has announced that COVID Alert, a new national mobile app, is now available to Canadians for free download. The use of COVID Alert is voluntary, and is a device to add to the toolkit of ways to help limit the spread of COVID-19. […]
Reports That Senate R&D Tax Reform Inquiry Has Been Delayed Again
August 5th, 2020In December 2019, the government re-introduced a bill to reform the R&D Tax Incentive. This bill was a slightly modified version of a previous reform bill (Treasury Laws Amendment (Making Sure Multinationals Pay Their Fair Share of Tax in Australia and Other Measures) Bill 2018), which did not pass through the Senate at that time. A Senate Economics Legislation Committee recommended in February 2019 that the initial bill should be deferred from consideration until further analysis of the bill’s impact […]
Adjustments Required to R&D Claims for JobKeeper Payments – ATO Position Released
July 28th, 2020As had been anticipated, the ATO will be requiring adjustments to R&D claims that contain salaries reimbursed by the JobKeeper Scheme. Companies lodging FY20 R&D claims who have also received the JobKeeper stimulus must carefully review and adjust R&D claims where necessary. The basis of this need for adjustment is the ATO’s position that companies are not deemed to incur salary expenditure at their own financial risk where such costs are being reimbursed by the Job Keeper Scheme. Draft Taxation […]
Telix Pharmaceuticals reports receipt of $11.4M Refundable R&D Tax Offset
July 27th, 2020Melbourne based Telix Pharmaceuticals Ltd has reported during the week receipt of a $11.4M Refundable R&D Tax Offset in respect of activity conducted during the YE 31 December 2019. This would be one of the largest single year Refundable offset receipts in the history of the R&D Tax Incentive, and infers an R&D Expenditure of approximately $26M AUD. The underlying activity relates to development of diagnostic and therapeutic products using molecularly targeted radiation. Receipt of a tax offset of this magnitude reduces […]
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News & Research
News & ResearchThe Canadian government is acting to ease restrictions and safely restart the economy. In an effort to contain the virus and keep Canadians safe and healthy, Prime Minister, Justin Trudeau, and the Premier of Ontario, Doug Ford, has announced that […]
Reports That Senate R&D Tax Reform Inquiry Has Been Delayed Again
In December 2019, the government re-introduced a bill to reform the R&D Tax Incentive. This bill was a slightly modified version of a previous reform bill (Treasury Laws Amendment (Making Sure Multinationals Pay Their Fair Share of Tax in Australia […]
