• We have removed lines 223 to 229 in Part 2.
  • We have removed lines 230 and 232 in Part 2. The relevant information from these lines is now requested on lines 620 and 622 in Part 7.
  • We have removed lines 235 to 238 in Part 2.
  • We have consolidated former Sections B and C in Part 2 so that all claimants answer the same three questions in Section B. We have also changed the order of the questions in Section B.
  • We have introduced notes in Parts 3 and 4 to advise that expenditures for capital property or the right to use capital property can no longer be claimed after December 31, 2013.
  • We have changed the descriptions for lines 350, 355, 390, and 504 to reflect that expenditures for capital property or the right to use capital property can no longer be claimed after December 31, 2013.
  • We have changed the description for line 820 to accommodate the 10% reduction in the prescribed proxy amount (PPA) for the number of days after December 31, 2013, in the tax year.
  • We have introduced new Part 9 to capture SR&ED claim preparer information.
  • Part 10 is formerly Part 9–Certification.
The new Part 9 of the T661 detailing what claim preparer information is required. (Photo courtesy of the CRA)

The new Part 9 of the T661 detailing what claim preparer information is required. (Photo courtesy of the CRA)

The most notable change to the T661 form is that claimants must now reveal previously private details about their SR&ED consultants; firms who help companies apply for SR&ED must now disclose sensitive information, such as billing arrangements and rates.

 

What are your thoughts on the new T661 form? Join the conversation below or on LinkedIn. Stay tuned to SR&ED Education and Resources for more updates.

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