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 that is dated, signed, and specific to the work performed Read more…
SREDucation.ca is on social media updating you on SR&ED on LinkedIn®, Facebook®, and Twitter®. We have launched SR&ED Education and Resources on social media platforms. You can find us on LinkedIn®, Facebook®, and Twitter® where anyone (SR&ED experts and newbies alike) can join, ask questions and get answers. We love Read more…
It’s that time of year! With 2019 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 2020 for the Scientific Research & Experimental Development (SR&ED) tax credit. While you wait for us to Read more…
Budget season is here. Following shortly after the federal budget which announced small changes that will increase the refunds for large, profitable firms the Ontario government has made an announcement which, on face value, sounds promising. We look at the statements that are made as well as the source 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 SR&ED tax credit. As a result, small CCPCs with taxable Read more…