Ernst & Young builds on SR&ED practice by acquiring OME Group Consultants
Firm calls tax incentive program a powerful engine of change (Toronto, 3 August 2011) Ernst & Young has acquired OME Group Consultants to expand its already significant Scientific Research and Experimental Development (SR&ED) tax practice. The federal SR&ED tax program is an effective way to help narrow Canada’s innovation and productivity gap while creating and protecting jobs, Ernst & Young says.
“This acquisition of a premiere SR&ED boutique complements our existing SR&ED team, bringing our practice to more than 80 fully dedicated professionals from coast to coast,” says Trent Henry, Ernst & Young’s Canadian Chairman and Chief Executive Officer. “This positions us as a leader in a field that seeks to help businesses of all sizes and sectors access tax incentives that will help them effectively compete in the international market.”
With decades of experience in this space, Ernst & Young says Canada must continue to support and improve measures like the SR&ED tax credit to push the economy — and its ability to compete — forward.
“Canadians enjoy an enviable standard of living, but sustaining our prosperity depends on maintaining economic competitiveness in an increasingly challenging global context," says Susan Bishop, Ernst & Young’s SR&ED leader in Canada. "The companies most likely to achieve market leadership will be those that have embedded innovation into their core business strategy. Our SR&ED team takes great pride in securing the tax incentives that help our clients innovate and grow.”
This month, 33 OME Group Consultants’ scientists and engineers will join Ernst & Young offices in Toronto, Montreal, Calgary and Kitchener. They will integrate into Ernst & Young’s existing practice, contributing specialized skills in SR&ED claim preparation.
- 30 -About Ernst & Young
Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 141,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve their potential.
