Last March, the Department of Finance Canada released its 2018 Report on Federal Tax Expenditures. In previous years, the projected figures of the federal government’s revenue being spent on the SR&ED tax credit had been declining. What does this year’s...
Read moreThe last time that a major report came out offering recommendations to the SR&ED program, the effect was profound. In 2011, Innovation Canada: A Call to Action – colloquially known as the Jenkins Report was released. One of the recommendations...
Read moreSR&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...
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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 Read more…
The SR&ED Tax Credit program is the single largest source of R&D funding in Canada: over $3 billion in tax incentives are distributed annually 1. The program supports Canadian businesses by encouraging industrial research and development. In their latest article, Read more…
The T661 Scientific Research and Experimental Development (SR&ED) Investment Tax Credit application form requires that you enter in the names of the key individuals involved in the experiments or analysis of your claimed project in Lines 260 and 261. However, Read more…
Trends in SR&ED in Q1 of 2019 The first quarter of 2019 was relatively quiet in relation to SR&ED and the CRA. There were no major program or policy changes announced and all of the forms remained unchanged. The Read more…
When filling out the Canada Revenue Agency’s Scientific Research & Experimental Development (SR&ED) application form, you’ll note that you must enter both the beginning and end dates of your project. This information will be input at Line 202 and Line Read more…
Naming the contractors who performed your claimed SR&ED work on your T661 Scientific Research and Experimental Development (SR&ED) Investment Tax Credit application form can be tricky business. Failing to understand the CRA’s requirements of a contractor can result in a Read more…