This post outlines SR&ED program updates from April-June 2021, including administrative, policy, tax law, and court cases. Covid-19 continued to be a factor in the country for the quarter but with increasing vaccinations and decreasing cases business has begun to return to some semblance of normality once again. We have Read more…
The Tax Court of Canada announced an update to their in-person hearings on June 1, 2021, in a Notice to the Public and the Profession. It was announced on June 1, 2021, that in light of the ongoing pandemic the Chief Justice of the Tax Court of Canada has cancelled Read more…
On August 13, 2021, the Canada Revenue Agency (CRA) announced a new scientific research and experimental development (SR&ED) policy document: Guidelines on the eligibility of work for scientific research and experimental development (SR&ED) tax incentives. This document replaced the Eligibility of Work for SR&ED Investment Tax Credits Policy which has Read more…
On June 7, 2021, the “What’s New – SR&ED Program” page on the Canada Revenue Agency’s (CRA) page released information on filing extensions for income tax returns and scientific research and experimental development (SR&ED) investment tax credits (ITCs) that had been extended due to COVID-19. While an extension is being Read more…
This post outlines SR&ED program updates from January-March 2021, 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…