On October 14, 2022, the Canada Revenue Agency (CRA) announced updates to the Recapture of SR&ED Investment Tax Credit Policy, and the SR&ED Overhead and Other Expenditures Policy. These updates reflect the legislative changes that have been announced to these select SR&ED program policies. Updates to the Recapture of SR&ED Investment Read more…
What happened with SR&ED in the third quarter (July to September) in 2022? Here, we discuss the updates. This post outlines Scientific Research and Experimental Development (SR&ED) program updates from July-September 2022, including administrative, policy, tax law, and court cases. SR&ED Education and Resources was busy in the third quarter Read more…
From 2015 to 2021 the five questions appeared in the Eligibility of Work for SR&ED Investment Tax Credits Policy. In late 2021, in an attempt to simplify the policies the CRA removed these questions from the policy; however, they are indirectly referenced and taxpayers should be aware of them prior Read more…
On May 3, 2022, the Federal Court of Appeal ruled on a scientific research and experimental development (SR&ED) related case, National R&D Inc. v. The Queen (2022) and its implications regarding the use of the Five Questions from Northwest Hydraulics v The Queen (1998) are significant. This article will focus Read more…
On April 28, 2022, the Canada Revenue Agency (CRA) announced updates to the Prescribed Proxy Amount Policy, the SR&ED Claims for Partnerships Policy, and the SR&ED Investment Tax Credit Policy. These updates reflect the legislative changes that have been announced. Updates to the Prescribed Proxy Amount Policy The Prescribed Proxy Read more…