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, eligible expenditures, and how to file a SR&ED claim. They Read more…
On June 7, 2021, the “What’s New – SR&ED Program” page on the Canada Revenue Agency’s (CRA) page released information on filing extensions for income tax returns and scientific research and experimental development (SR&ED) investment tax credits (ITCs) that had been extended due to COVID-19. While an extension is being Read more…
This post outlines SR&ED program updates from January-March 2021, including administrative, policy, tax law, and court cases. COVID-19 continued to dominate the country for the quarter, but many businesses and agencies have found a new way to operate. We have identified some key trends to watch in the SR&ED environment. Read more…
The Tax Court of Canada has released two new notices to the public and the profession in April 2021 about the sitting schedule and registry services. These notices are summarized below. Notice to the Public and the Profession, April 7, 2021 Due to COVID-19, the Chief Justice cancelled all in-person Read more…
On March 25, 2021, over 150 Scientific Research and Experimental Development (SR&ED) stakeholders participated in the 2021 SREDStakeholder webcast. A variety of topics were covered including SR&ED Medical issues, Technological Advancement (TA) in Patents, recent SR&ED court cases, SR&ED statistics and initiatives, and Tax Court Strategies in Covid. It was Read more…