If you’ve applied for, or even just heard about the SR&ED tax credit you will be familiar with the five eligibility questions. These are the criteria by which the CRA determines whether or not your work qualifies and you are eligible for SR&ED Investment Tax Credits. (If you’re not Read more…
With the 2018 tax season upon us many people will be hoping to reach someone (anyone!) at CRA to discuss their personal and corporate returns. Unfortunately, it doesn’t seem that the agency has corrected its long-standing issues of understaffed call centres. Some people will remember last year’s scandal when Read more…
On March 19, 2019, the Liberal government Finance Minister, Bill Morneau, released the Federal Budget 2019. Recap: Prior Budgets The last major change to SR&ED occurred in the 2012 budget when sweeping modifications were made to several areas. The changes proposed by the government were phased into the system over Read more…
Mark your calendars and save the date – Minister Morneau has announced that the new Federal Budget will be tabled on March 19, 2019. What should we expect? According to the Minister’s office, the upcoming budget will continue the evolution and support of a sustainable middle class, increase employment rates and bolster Read more…
New CRA service standards were announced April 1, 2018 affecting SR&ED claims. These changes will potentially decrease wait times for some SR&ED claimants. What are service standards? Service standards are set by organizations to stipulate the standard processing times. The Canada Revenue Agency (CRA) publicly announces its service standards to Read more…