This was a historic year for the Scientific Research & Experimental Development (SR&ED) tax credit. Monumental changes that had been put in motion over the past couple years began moving toward fruition, the effects of which we’ll continue to see develop into 2014.
With 2013 winding down, we at SR&ED Education and Resources decided to pull together our most informative articles on SR&ED to ensure you didn’t miss a thing.
From information on the 2013 budget to our side-by-side comparison of the T661(12) and the new T661(13), here are our ten best articles of the year.
We broke down exactly how the changes announced in the 2013 budget would affect your SR&ED claim.
Unsure about the difference between agreements that are arm’s length and non-arm’s length? We explained the distinction.
We showed that when performing SR&ED, keeping thorough documentation—or an audit trail—is of the utmost importance.
We provided an in-depth look at how the CRA”s SR&ED Policy Review Project will impact the program—both positively and negatively.
On October 16, the Speech from the Throne was delivered by Governor General David Johnston in the Senate Chamber on Parliament Hill in Ottawa. Despite no mention of the SR&ED tax credit, the speech made clear the government’s view of the program—particularly as it relates to the Industrial Research Assistance Program (IRAP).
In this post, we summarized the important trends in SR&ED claim applications—with respect to processing times, number of claims, claimable expenditures, and tax credits—observed in the last two decades.
Having trouble navigating the recent changes to the SR&ED program? Here are some suggestions to ensure you’re staying ahead of the curve and receiving the refund you deserve.
In the past few months, there has been considerable debate around the way SR&ED is being overhauled and how strongly the effects will ripple through the industry. Here is a summary of the changes and the resulting impact—on everyone.
The CRA recently released the T661(13), the newest edition of the form used to apply for the SR&ED tax credit. But how does the updated version compare to its predecessor, the T661(12)? We studied both versions and contrasted them for you so you don’t miss any of the important changes.
One question we are frequently asked is this: Where does a Scientific Research & Experimental Development (SR&ED) project begin? What is included in the scope? Here is a detailed answer.