**This article has been updated on September 15, 2020, to include the most recent information on the CEWS program. Please work with a professional to ensure you are accessing the most recent information.** On June 19, 2020, the CRA announced:...
Read moreGovernment operations are starting to slowly reopen and resume functioning amid Covid-19, including the Tax Court of Canada (TCC). With the help of the official TCC notices and Practice Directions, we have put together the current summary of the TCC’s...
Read moreOn July 22, 2020, Premier Jason Kenney, Finance Minister Travis Toews, and Economic Development, Trade and Tourism Minister Tanya Fir revealed the Innovation Employment Grant for Alberta during a news conference. This post summarizes the conference and provides an explanation...
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Background to Stories of Survival CATA (Canadian Advanced Technology Alliance) has been sharing the stories of Canadian tech innovators weathering the COVID-19 pandemic in a series called “Stories of Survival from Canada’s Tech Innovators.” They have previously profiled Else Labs Read more…
To highlight how Canadian tech innovation has been hit by COVID-19, the Canadian Advanced Technology Alliance (CATA) has started “Stories of Survival from Canada’s Tech Innovators.” They recently published the next in their series about Else Labs. Background CATA has Read more…
As the Tax Court of Canada (TCC) reopens, questions remain regarding new procedures and protocols. The TCC closure prevented the court from hearing over 1,000 hearings, causing backlog and delays.1 The fast-track settlement and preliminary ruling docket procedure can be Read more…
The Canada Revenue Agency (CRA) recently announced that they have received royal assent for a time limit extension on Scientific Research and Experimental Development (SR&ED) reporting deadlines due to the difficulties imposed by COVID-19. On August 13, 2020, on the Read more…
This post outlines SR&ED program updates from April-June 2020, including administrative, policy, tax law, and court cases. COVID-19 dominated the entire country for the quarter. We have identified some key trends to watch in the SR&ED environment. COVID-19 The COVID-19 Read more…
Canadian Advanced Technology Alliance (CATA) recently began a series on “Stories of Survival from Canada’s Tech Innovators” and the first corporation they featured is FluroTech. The article can be found here: FluoroTech: Stories of Survival from Canada’s Tech Innovators. New Read more…
COVID-19 has impacted processing SR&ED claims at the Canada Revenue Agency (CRA), but today SR&ED filers received great news! The CRA announced on their website that: The Scientific Research and Experimental Development (SR&ED) Program is returning to normal activities. We Read more…
The Canadian Advanced Technology Alliance (CATA) calls on feds to protect Canadian taxpayer $36B annual innovation investment and endowment, the Resilience Rebound Emergency (RRE) Program, a proposed new program. Canadian Tech Businesses There are 13,000 small and medium-sized Canadian owned Read more…
In an update posted on 28 May 2020, the Canada Revenue Agency (CRA) announced changes to collections, audits, objections, and appeals due to COVID-19. In this post, we will summarize those changes. At this time these changes do not directly Read more…
This OpEd is provided courtesy of the CATA Alliance. For additional information please visit their website https://cata.ca/ and our prior piece on their work. Canadian Government Hesitation To Significantly Support The Technology Sector Will Cost Us All The impact of Read more…
On 19 May 2020, the Department of Justice released “Draft Legislative Proposals Regarding Time Limits and Other Periods in Circumstances Due to COVID-19“, also known as “Time Limits and Other Periods Act”. In this post, we will summarize the proposals. Read more…
On May 14 over 180 SR&ED stakeholders participated in the 2020 SREDStakeholder webcast. A variety of topics were covered including SR&ED Medical issues, SR&ED statistics and success stories, impacts of COVID-19, CATA 2020 SR&ED initiative, recent legal rulings, and new Read more…
Event Notification On May 14, 2020, SR&ED Stakeholder will be broadcasting their virtual webcast on SR&ED topics. Of particular interest to SR&ED claimants and preparers will be the sessions relating to new CRA directives and the new CRA medical guidance Read more…
COVID-19 has impacted everyone around the world and has created disruption in SR&ED payments and claims. We are here to update you with information on how your claims may be impacted. SR&ED Payments and COVID-19 in the news In a Read more…
Breaking news: CATA asks CRA for Emergency Aid for Tech Firms. The tech industry is not immune to COVID-19 crisis and challenges it has posed for Canada (and across the globe). According to an article published April 13, 2020, on Read more…
On March 19, 2019, the Liberal government Finance Minister, Bill Morneau, released the Federal Budget 2019. It proposed repealing the use of taxable income as a factor in determining a CCPC’s annual expenditure limit for the purpose of the enhanced Read more…
This post outlines SR&ED program updates from July-September 2020, including administrative, policy, tax law, and court cases. COVID-19 continued to dominate the country for the quarter, but slowly things began to reopen. We have identified some key trends to watch Read more…
Many software companies follow the format for the Plan, Do, Check, Act (PDCA). Unfortunately, this alone does not satisfy the definition of the scientific method. This article looks at PDCA and how a recent ruling was impacted by following this Read more…
When preparing an SR&ED claim for a project, it is generally advisable to start by putting every detail of the project to paper. This shows the entire scope of your process and makes it easier for the reviewer to understand Read more…
The Canada Revenue Agency’s (CRA) T4088 1 — the guide to the T661 form used to claim the Scientific Research & Experimental Development (SR&ED) tax credit — says the following under the heading “Supporting the SR&ED Work Claimed”: Contemporaneous documentation Read more…