In August 2012, the Department of Finance and the Canada Revenue Agency (CRA) jointly launched a discussion paper entitled Consultation Regarding The Impact of Contingency Fees on The Effectiveness of the Scientific Research and Experimental Development Tax Incentive Program. The study was announced in the Economic Action Plan 2012. The call for 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…
The last time that a major report came out offering recommendations to the SR&ED program, the effect was profound. In 2011, Innovation Canada: A Call to Action – colloquially known as the Jenkins Report was released. One of the recommendations was to modify the SR&ED process to help small businesses Read more…