Quality Control and Routine Testing are excluded from SR&ED claims because work of this nature does not result in technological advancements. The Eligibility of Work for SR&ED Investment Tax Credits Policy1, lists some exclusions for SR&ED claims. Quality control and routine testing are among those excluded items. This blog post Read more…
The most important form you will need to fill out in order to apply for SR&ED investment tax credits is the form T661. This form is required by the CRA in order to process your tax credit application. Over the past few years, we have described the CRA’s fillable T661 Read more…
In this blog post, we discuss the cancellation of the SR&ED tax credit incentive program in Alberta’s 2019 budget released on October 24th and the reactions illustrated in the media. While some commentators have voiced their displeasure with the changes, others state that a more focused funding model with specified Read more…
SR&ED and the Press The press has not always been kind to the SR&ED program. Since it is a government program distributing billions of taxpayer dollars, the media is quick to point out any problems that the program may have. On the other hand, there are also occasional glowing Read more…
This post outlines the updates to the program from January to March 2019, including administrative, policy, tax law, and court cases. We have identified some key trends to watch in the SR&ED environment. Background The first quarter of 2019 was relatively quiet in relation to SR&ED and the Read more…