The Canada Revenue Agency (CRA) released an Enforcement Notification on October 19, 2022, which stated that: Christopher Bernier, also known as Christopher-Maik Bernier (Bernier), of McDonalds Corners, Ontario, was sentenced on October 6, 2022, to a conditional jail sentence of 12 months, including 6...
Read moreOn May 3, 2022, the Federal Court of Appeal ruled on a scientific research and experimental development (SR&ED) related case, National R&D Inc. v. The Queen (2022) and its implications regarding the use of the Five Questions from Northwest Hydraulics...
Read moreOn April 28, 2022, the Canada Revenue Agency (CRA) announced updates to the Prescribed Proxy Amount Policy, the SR&ED Claims for Partnerships Policy, and the SR&ED Investment Tax Credit Policy. These updates reflect the legislative changes that have been announced....
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Uncovering the little-known sectors that qualify for SR&ED.In this article, we discuss another sector that is sometimes overlooked in SR&ED: manufacturing (previously, we have discussed agriculture and medicine). Specifically, the CRA lists three types of manufacturing under the umbrella of Read more…
What happened with SR&ED in the third quarter (July to September) in 2022? Here, we discuss the updates. This post outlines Scientific Research and Experimental Development (SR&ED) program updates from July-September 2022, including administrative, policy, tax law, and court cases. Read more…
It is common for SR&ED projects to involve work contracted to professionals outside the claimant’s company and 80% of these SR&ED contract expenditures may be claimed on the related SR&ED tax claim forms to increase the claimant’s final SR&ED refund. Read more…
From 2015 to 2021 the five questions appeared in the Eligibility of Work for SR&ED Investment Tax Credits Policy. In late 2021, in an attempt to simplify the policies the CRA removed these questions from the policy; however, they are Read more…