In this post, we walk through eligibility of certain costs related to drilling for Scientific Research and Experimental Development (SR&ED) claims, based around a recent Tax Court of Canada case, ExxonMobil Canada Ltd. v. The Queen. We will explain how Read more…
The technical narrative section of an SR&ED claim is the most important part. This shows the entire scope of your development and experimentation process. Technical narratives may take some time, however, crafting them well will make it easier for you Read more…
Recently, we sent a letter of support to the Canadian Advanced Technology Alliance (CATA) in proposing the Resilience and Rebound fund to provide interest-free, partially forgivable loans to innovative companies who have previously worked on SR&ED projects. To whom it 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…