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SR&ED Tax Credit Financing is somewhat misunderstood, or in fact not really considered by many Canadian business owners and financial managers in Canada. We use the word ‘considered ‘simply because many SRED claimants are not aware that their SR&ED claims can be financing as soon as they are filed – in some cases prior to filing!So let’s return to our topic – what are the two things you need to know about financing your SRED tax credit. We’ll keep it simple -1. You have to have a SR&ED claim to obtain financing for the claim!2. A SRED financing claim is in fact similar to any business financing application – frankly it’s quite simpler and more focused!Is that it? Yes, it’s as simple as that. SR&ED tax credit financing is one of the most unique ways to bring valuable cash flow and working capital back into your firm. Just the very nature of SRED itself suggests that your firm relies heavily on the credit to recover the capital you have spent under the government’s quite generous non repayable grant.So let’s return to our point # 1 – to finance a claim, you need a claim. The SRED program in Canada is the governments rebate; in effect it’s a grant, back to Canadian business for any investment you make in research and development. More and more information is coming out everyday from government and private sources which suggest that many firms who are eligible for the program either aren’t aware of it, or even more disappointing, don’t know how to go about preparing and filing a claim. We are often amazed when some clients infer that it’s ‘too much trouble ‘to prepare a SRED claim.A couple of points can be made on this subject. We have met a small handful, and we repeat small handful! Of clients over the years who prepare their own filings. This of course is possible, legal, and in some business owners minds ‘cost effective. The hard reality is that most firms don’t have the technical and financial know how to complete a claim on their own. (Apologies to the firms which successfully prepare a file their own claims – you know who you are!)The majority of claims in the SRED area are prepared by what is known as SRED consultants. We tell clients that these consultants are high specialized, are up to date on current government SRED and accounting matters, and in most cases work on contingency – meaning that they prepare the claim at their own risk and time, and charge a fee which is totally based on success of the final claim approval. If Canadian business owners and financial managers don’t choose to pay a contingency fee then they can play a flat rate based on the SRED consultant’s time on the claim and filing. Naturally more often than not the SRED fee has to be paid as soon as the claim is completed, even if you still have to wait several months to a year to get your funds.More importantly, as it relates to the financing of the SRED claim, a claim tends to be more financeable when it is prepared by a reputable consultant in this area. And in fact when you claim is financed, either at time of filing or prior, the SRED consultant can also be paid in full or in part out of the financing.So the bottom line on our point # 1 is simply – make yourself aware of the program if you are not, prepare a solid claim with the use of a reputable consultant, and be knowledgeable that the claim can be financed during preparation or at time of filing.Let’s move on to point # 2- Clients ask, is it really that simple to finance a SR&ED tax credit. There is only one answer, which is of course yes. You should treat your SRED tax credit financing just as any other basic financing. Because this area of Canadian business financing is somewhat of a boutique are you should ensure you are working with a credible, trusted, and experienced advisor in this area.Let’s cover some of the very simple key basics around the financing of your claim. Most firms are eligible, under the program itself, to receive anywhere from 20-50% of your expenses in the R&D area. Your SRED claim will ultimately have a final value, which is made up of the federal and provincial portions combined. Let’s assume its 200,000.00 as an example. You and your accountant have filed your year end financials, and included a SRED claim of 200k. What happens now if you want to finance that claim. The reality is that you simply have to fill out a standard business financing application – just as if you were borrowing for any other matter. In our case the ‘collateral ‘, if we can call it that, it’s the SRED claim.Important to note hear that you are not incurring debt or creating a ‘ loan ‘ on the SRED – Your balance sheet stays intact, you are simply ‘ monetizing ‘ the SRED claim in order to generate working capital and cash flow now. Generally you receive approximately 70% of the claim as an advance, with the 30% held back and payable to yourself in full when you final claim is audited, approved, and that cheque from the government is ‘in the mail ‘! The financing feels itself, associated with the tax credit financing are deducted from that final 30% holdback. You can generally create a SRED loan for a period of a minimum of 60 days, but most SRED financing generally last from 3-12 months, depending on the size of your claim, its eligibility with CRA, and whether you are a first time filer.So whats our bottom line – it couldn’t be simpler:- Make yourself aware of this great program – prepare a proper claim with someone who is experienced
- If you are focused on cash flow and working capital needs consider financing your claim and directly monetizing this great program

In the world economy 2017, the forces of growth and prosperity are complex and ever-changing. The catalysts of change can be fundamental factors such an emerging technology, the needs of the global population, a change in regulation or a new method of monetization.We are now going to disclose top 5 (five) fastest growing industries worldwide, also to look and examine the fact behind its hasty growth and what issues are emerging that might affect their long-term prospects:The construction industry:
The construction industry is thundering like a storm and authorities assume growth to proceed. The Bureau of Labor Statistics projects the construction and development industry to be one of the fastest growing industries of 2017 and with risen work, the industry will have a leading employment rate across the overall economy.This is also estimated that the industry will be unstoppable and will boom simultaneously until 2020 and the projected growth rate would reach 4.5% up over the next 5 Years, making construction the top leading industries of 2017 in terms of improving salary and employment sector.In the United States, the construction industry is estimated to reach almost $1.2 trillion over next five years (until 2020)Cloud Computing Industry:
Cloud computing technology is comparatively new in the market but there are various organizations both government and private that are inception to adopt the use of this technology. Cloud computing is basically the commitment of computing services including software, networking, servers, storage, databases, analytics over the cloud with the help of internet.The investment of $46.8 billion was spent on Cloud Services previous year and expected to double in next few years. The Industry growth will rise at a compound annual growth rate (CAGR) of 18% in coming forecast until 2020 with the current price of $263 billion. Over 80% CFO’s officers say cloud computing will have the most measurable impact on their business in 2017.Online retail Industry:
Today, we live in a world where people are so attached to the smart technology like the smartphones or gadgets, also in their everyday life they hold in touch with it while doing shopping or hailing a cab service or it could be regarding ordering a food. Everything begins & ends with the smart time-saving technology of Online Retailing.Online Retail is one of the fastest growing industry in this phrase of gigantic technology and also projected to show an enormous growth in upcoming years also. China embraces the largest market for e-commerce followed by the United States, though India hold the top place under rapidly growing e-commerce industry in the whole world.In Asia-Pacific, Nearly a 5th of total retail sales will take place online by 2021, with 80% of business coming from the smartphones, improved from 64.5% in 2016. It is also estimated that the online mobile retailing sector is near to grow at a CAGR of 16% (approx.), to strike $1 trillion until 2020, increased from $545 billion in 2016.The marijuana industry:
Marijuana, also familiar with the name Cannabis and Hashish being unassociated with good fashionable lifestyles because it is illegal in most of the countries as it is a psychoactive drug. In 2015, 42% of Americans consumed cannabis, increased to 51.2% in 2016. Around 11% have used it in the previous year, and 7.5% used it in the previous month. This makes it the most commonly used illegal drug worldwide and the United States. However, there are more than twenty-five states with some form of legalized marijuana for medical purpose and more than seven states that have legalized recreational marijuana laws.A new report has been declared by the market research experts includes the foresight that the legal cannabis market or marijuana market was worth an estimated $7.3 billion in the previous year (2016) and now projected to grow at a Compound Annual Growth Rate (CAGR) of 16.9%. Marijuana sales reached $4.5 billion in 2016 and now expected to reach $13.2 billion in coming years until 2020.Music streaming industry:
Today, ‘The Internet’ or ‘Net’ (Common name) is one of the most important needs of a mankind. People use the net for different purposes depending upon the requirement. In Music Streaming Industry, the Internet gives listeners a commercial-free access to choose & listen from the millions of songs on a monthly payment and sometimes totally free if they willing to see ads.The music streaming growth is being seen globally, including the small markets and others decimated by piracy. In the United States, Music streaming Industry revenue grew 56 % billion in the first half of previous year (2016) which was accounted to near half of industry sales in the US. South Korea has emerged himself in the list of top 10 largest music industry in the world, with sales $271.2 million in 2016. With the explosion of piracy, China’s market shrank to $22 million in 2010 as it was $209 million in 2004 but after the major source of the recovery, China again lifted himself in the top 10 music industries by country in 2017.The Global Music Industry grew at a CAGR of 5.8% and generated the revenue by hitting $15.4 billion in the previous year (2016) as compared with $14.6 billion in 2015. According to I.F.P.I, this been recorded as the fastest Music Industry growth since 1998.

The concept of precast construction (which also refers as “prefabricated construction”) includes those buildings where the majority of structural components are standardized and produced in plants in a location away from the building, and then transported to the site for assembly. These components are manufactured by industrial methods based on mass production in order to build a large number of buildings in a short time at low cost.The main features of this construction process are as follows:

The division and specialization of the human workforce
The flawless use of tools and other equipments, usually automated, in the production of standard, interchangeable parts and productsSince 2005, the demand for new commercial and residential buildings has been on the top than the other types of construction. Practically, precast construction is always more economical when compared to conventional multifamily residential, commercial, industrial or institutional construction anywhere in world.As per the load-bearing structural, precast construction can be categorize into the following categories:

Large-panel systems
Frame systems
Slab-column systems with walls
Mixed systemsList of Structural Precast Detailing Services:

Precast Concrete Detailing
Precast Wall Panels Detailing
Precast Concrete Cladding Panels Detailing
Precast Concrete Tilt-up Panels Detailing
Precast Shop Drawings
Precast Concrete Stairs Detailing
Precast Erection Drawings
Precast Concrete Column Detailing
Precast Concrete Beam Detailing
Precast Concrete Slab Detailing
Post Tension Detailing
Double Tee Detailing
Non load bearing & Load bearing
Column Cover and Cornices
Hollow Core Slab Detailing Services
Column Cap Plate Detailing
Flat Slab Detailing ServicesAs far as the concept of precast products is concerned, many states across the United States require a precast plant to be certified by either the Architectural Precast Association (APA), National Precast Concrete Association or Precast Prestressed Concrete Institute (PCI) for a precast producer to supply their product to a construction site sponsored by State and Federal DOTs.There are some numerous products which are utilizing precast/ prestressed concrete and majority of precast products can fall under one or more of the following categories:

Agricultural Products
Building and Site Amenities
Retaining Walls
Transportation and Traffic Related Products
Utility Structures
Water and Wastewater Products
Cemetery Products
Prestressed/Structural Products
Double Wall Precast – Concrete Sandwich PanelsFurthermore, Tilt-up construction is also plays an important part of Precast Construction process. Of course, a question comes into your mind that, so what is the difference between tilt-up and other types of construction?The answer is, in traditional forms of wall construction, the walls can be built with CMU blocks or blocks faced with brick. A tilt-up building’s walls are created horizontally in large slabs of concrete called panels. The panels are then lifted, or tilted up, into position around the building’s slab. This means the tilt-up structure’s exterior wall is virtually finished when it is tilted into place.Tilt-up construction provides numerous advantages over steel buildings either it is residential, commercial, institutional or other types of industrial building construction projects. Generally speaking, a one- to two-story structure larger than 50,000 square feet with less than 50% wall opening space is an excellent example for tilt-up concrete construction.Benefits of Tilt-up Construction:• Savings Construction Costs: by using this construction method, raw material costs can be reduced and of course it will also reduce the overall construction cost as well. In tilt-up construction method, the workers are typically lesser than the workers used in traditional construction. This way contractor can reduce labor costs. Because of the economies of scale, the larger the footprints for the building, the more these savings improve the project’s total cost.• Fast Construction Schedule: Tilt-up construction offers several opportunities to “compress” the schedule and deliver the building very quickly. To erecting the walls in tilt-up construction is a faster process than building walls using traditional construction techniques. The trades can begin work earlier in the process on a tilt-up project, which allows greater overlapping of project phases. Because the building is made of ready-mix concrete from local sources, the chances of delay project is less than the traditional construction method.• Safety: Tilt-up concrete is a proven, safe method of construction.• Flexibility: Tilt-up concrete buildings are not prefabricated. Each one is custom-designed for the client’s needs and preferences.