Five Questions - SR&ED

When SR&ED Was a Tax Shelter Scheme

During the late 1980s and early 1990s, a dubious practice emerged whereby some Canadian corporations established general partnerships with other companies as a means of obtaining scientific research and experimental development (SR&ED) investment tax credits (ITCs). However, in many cases, no SR&ED work was conducted by these partners, which meant Read more…

Are SR&ED Consultant Fees Deductible?

Can fees incurred during the preparation of an SR&ED claim (including SR&ED consultant fees) be included in the claim’s expenditures? SR&ED consultants are often necessary third parties when filing an SR&ED claim, as the process can be complicated. Although the CRA state that “the non-adversarial nature of the process allows Read more…

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