Coolearth Mentioned in Canadian Architect for our use of the SR&ED program
Coolearth was mentioned in Canadian Architect March 2015, in regards to our use of The Scientific Research and Experimental Development Tax Incentive Program (SR&ED) to conduct research and development in Canada. For us this program was used to do research and develop an understanding in using Energy Models.
An excerpt from the article:
Sheena Sharp, FRAIC, former OAA President and principal of Coolearth Architecture, has also taken advantage of the program. “It takes a lot of experimentation and research in order to offer your clients appropriate service,” she says. “The SR&ED program assists in doing that.” In the case of her small firm, which specializes in sustainable architecture, she regularly faces challenges that go beyond standard practice, such as developing a deep understanding of energy-modelling software. She found that SR&ED was able to defray some of these costs, which often go beyond billable hours. Sharp does note that “as a small firm, the owners do a fair amount of the billable work but are not paid hourly,” so as a result, much of the time expended does not qualify. “That said, the program has been important to our ability to deliver innovative services.”
The full article can be seen here.