One of the most exciting industries today is in the field of technology. Over the past generation, we have seen a number of advances that have changed the way that we conduct business, view convenience, and even communicate. However, it is also among one of the most risky financial endeavors as well because timing to get to market can determine the difference between being first or following a competitor’s lead.
With the advances in 3-D printing, expansion of online communication and tools, the tech industry is not relegated solely to a cluster of similar enterprise in California’s Silicon Valley.
Now, innovation and production can occur anywhere and we are starting to see an increase in tech ventures in Alberta.
Tech business and online enterprise boast a tremendous earning potential but are also subject to a variety of issues, including income taxation in Canada and abroad, sales and withholding taxes and the liability to file returns. Should your business require the establishment of satellite offices and the recruitment and management of staff in remote locales, that can also create financial implications.
Rutwind Brar can also assist tech ventures with applications for cash grants and subsidies and optimize your success for tax credit programs for scientific research and experimental development which can reduce the cost of research conducted in Canada as opposed to other international jurisdictions.