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…
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…
SR&ED Education and Resources analyzed what was published regarding annual SR&ED spend by the federal governments in the CRA’s Reports to Parliament and Departmental Performance Reports. What were the results? In prior reports, we analyzed the annual spend on the SR&ED program in the federal government’s CRA Reports to Parliament and Read more…
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…
Update December 2018: In their fall statement, the Progressive Conservative government has announced it is putting the proposed increase, which had been introduced by the former Liberal government earlier this year, on hold while it reviews the effectiveness of both the Ontario Research and Development Tax Credit and Ontario Innovation Read more…