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…
What happened with SR&ED in the second quarter (April to June) in 2022? Here, we discuss the updates. This post outlines Scientific Research and Experimental Development (SR&ED) program updates from April-June 2022, including administrative, policy, tax law, and court cases. SR&ED Education and Resources was busy in the second quarter Read more…
On June 29, 2022, the Tax Court of Canada (TCC) released two Notices to the Public and the Profession. The first notice stated that they will continue accepting on a pilot project basis four types of electronic signatures and initials on Notices of Discontinuance, Notices of Withdrawal, Consents to Judgment Read more…