The Tax Court of Canada announced an update to their in-person hearings on June 1, 2021, in a Notice to the Public and the Profession. It was announced on June 1, 2021, that in light of the ongoing pandemic the Read more…
On August 13, 2021, the Canada Revenue Agency (CRA) announced a new scientific research and experimental development (SR&ED) policy document: Guidelines on the eligibility of work for scientific research and experimental development (SR&ED) tax incentives. This document replaced the Eligibility Read more…
We are often asked by clients, “Can you make a scientific research and experimental development (SR&ED) claim if you end up selling the product?” and “Can you claim any other costs for the time when there is no way to Read more…
As many taxpayers typically opt to use the Proxy method to calculate their returns, we thought it pertinent to delve further into how to calculate the Prescribed Proxy Amount (PPA), what exactly the PPA Cap is, and how they may Read more…
The Toronto West-Thunder Bay Tax Services Office (TSO) serves businesses from Hamilton, Kitchener-Waterloo, London, Mississauga, St. Catharines, Thunder Bay and Windsor who conduct scientific research and experimental development (SR&ED). They provide SR&ED seminars ranging from a general overview, eligibility criteria, Read more…