On November 26, 2020, the Canada Revenue Agency (CRA) announced updates to the SR&ED Filing Requirements Policy to reflect legislative changes which were made in light of the COVID-19 pandemic, in particular, extensions to Scientific Research and Experimental Development (SR&ED)...
Read moreOn November 5, 2020, Ontario’s 2020 provincial budget was released, Ontario’s Action Plan: Protect, Support, Recover. This budget includes tax supports for struggling businesses and families due to the COVID-19 pandemic and also includes adjustments to some scientific research and experimental...
Read more**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:...
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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…
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…
Government 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 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…
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…
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…
It’s that time of year! With 2020 winding down, SR&ED Education and Resources will be going on a brief holiday hiatus while we gear up for what is sure to be an eventful 2021 for the Scientific Research & Experimental Read more…
Scientific Research and Experimental Development (SR&ED) investment tax credits (ITCs) may be carried backed to be applied to the prior year’s taxes or carried forward to be applied to future year’s taxes. Additionally, the pool of deductible SR&ED expenditures may Read more…
Scientific Research and Experimental Development (SR&ED) investment tax credits (ITCs) may be carried backed to be applied to the prior year’s taxes or carried forward to be applied to future year’s taxes. This post will explain the SR&ED carry back Read more…
There is a little-known corporate structure available to help facilitate research and development (R&D): Non-Profit Corporations for Scientific Research and Experimental Development (Non-profit SR&ED corporations). These are separate from Non-Profit Organizations (NPOs). This post explores non-profit SR&ED corporations starting with Read more…