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…
Many software companies follow the format for the Plan, Do, Check, Act (PDCA). Unfortunately, this alone does not satisfy the definition of the scientific method. This article looks at PDCA and how a recent ruling was impacted by following this cycle. On July 7, 2020, the Tax Court of Canada Read more…
**This article has been updated on September 15, 2020, to include the most recent information on the CEWS program. Please work with a professional to ensure you are accessing the most recent information.** On June 19, 2020, the CRA announced: The Canada Emergency Wage Subsidy and the 10% Temporary Wage Read more…
As the Tax Court of Canada (TCC) reopens, questions remain regarding new procedures and protocols. The TCC closure prevented the court from hearing over 1,000 hearings, causing backlog and delays.1 The fast-track settlement and preliminary ruling docket procedure can be used to expedite appeals. In this post, we explain how Read more…