On April 28, 2022, Ontario’s 2022 provincial budget was released, 2022 Ontario Budget: Ontario’s Plan to Build. This budget focuses on key priorities around transit, infrastructure, healthcare and highways. We have detailed the main themes within the budget and their possible impacts on the SR&ED program. 2022 Ontario Budget Overview After Read more…
On December 14, 2020, the Court of Quebec delivered a ruling on a criminal case involving a Scientific Research & Experimental Development (SR&ED) investment tax credit (ITC) claim. In the case of R. c. Comparelli (2020), Justice Salvatore Mascia found the accused guilty of the following: Count 1: Conspiracy to Read more…
This post outlines Scientific Research and Experimental Development (SR&ED) program updates from January-March 2022, including administrative, policy, tax law, and court cases. As the country’s focus and atmosphere have been dominated by the easing of Covid-19 restrictions, SR&ED Education and Resources has been busy keeping our readers up to date. Read more…
On April 7, 2022, the Liberal government Deputy Prime Minister and Minister of Finance, the Honourable Chrystia Freeland, released the Federal Budget 2022. SR&ED in the Federal Budget – Prior Budgets The 2020 budget was not released due to the COVID-19 pandemic, and the 2021 budget contained no direct reference Read more…
On March 30, 2022, the Canada Revenue Agency (CRA) announced updates to the Pool of Deductible SR&ED Expenditures Policy, the Traditional and Proxy Methods Policy, the Third-Party Payments Policy, and the Contract Expenditures for SR&ED Performed on Behalf of a Claimant Policy. These updates reflect the legislative changes that have Read more…