On Thursday, February 11, 2021, the Manitoba Crop Alliance (MCA) held its inaugural Annual General Meeting (AGM) where it passed a pair of resolutions. One resolution named the MCA as the agent for producers for the scientific research and experimental development (SR&ED) tax program. The other resolution encouraged a reduction of Read more…
This post outlines SR&ED program updates from October-December 2020, including administrative, policy, tax law, and court cases. COVID-19 continued to dominate the country for the quarter, but many businesses and agencies have found a new way to operate. We have identified some key trends to watch in the SR&ED environment. Read more…
On November 26, 2020, the Canada Revenue Agency (CRA) announced updates to the SR&ED Filing Requirements Policy to reflect legislative changes which were made in light of the COVID-19 pandemic, in particular, extensions to Scientific Research and Experimental Development (SR&ED) reporting deadlines. The SR&ED Filing Requirements Policy states: In response Read more…
On November 5, 2020, Ontario’s 2020 provincial budget was released, Ontario’s Action Plan: Protect, Support, Recover. This budget includes tax supports for struggling businesses and families due to the COVID-19 pandemic and also includes adjustments to some scientific research and experimental development (SR&ED) filing deadlines. 2020 Ontario Budget Overview The focus Read more…
This post outlines SR&ED program updates from July-September 2020, including administrative, policy, tax law, and court cases. COVID-19 continued to dominate the country for the quarter, but slowly things began to reopen. We have identified some key trends to watch in the SR&ED environment. COVID-19 The COVID-19 pandemic has impacted Read more…