What is the difference between an “audit” and a “review,” and why does it matter in SR&ED? If you have been notified by the Canada Revenue Agency (CRA) that your SR&ED project is being reviewed, you may wonder if your project is actually being audited. The way the terms “audit” Read more…
SR&ED Education and Resources analyzed what was published regarding annual SR&ED spend by the federal governments in the CRA’s Reports to Parliament and Departmental Performance Reports. What were the results? In prior reports, we analyzed the annual spend on the SR&ED program in the federal government’s CRA Reports to Parliament and Read more…
Do you have the proper tools in place to capture SR&ED work? Performing work eligible for the Scientific Research & Experimental Development (SR&ED) tax credit is an intensive process. Having the right tools in place to ensure all work is documented systematically is critical to a successful SR&ED claim. In Read more…
Is Canadian Innovation in Decline? According to the 2017 Global Innovation Index (GII), which measures how innovative over 130 countries are, Canada has fallen from 15th place in 2016, to 18th place in 2017.1 What has Caused the Decline in Canadian Innovation? The Global Innovation Index acknowledges that “Canada excels in Read more…
What is the difference between “learning” and “advancement” when writing for line 246 in the T661? Line 246 of Scientific Research and Experimental Development (SR&ED) Investment Tax Credit (ITC) applications asks “What scientific or technological advancements did you achieve or attempt to achieve as a result of work described in Read more…