In late December 2014, the Canada Revenue Agency (CRA) posted updated versions of the Scientific Research and Experimental Development (SR&ED) program’s financial policy documents. According to the CRA’s update announcement, the documents were revised to “accommodate the legislative changes that have been announced from 2012 to the present” by the federal government.
SR&ED Financial Policy Documents Affected
All seventeen of the SR&ED program’s financial policy documents have been affected as a result of this update, impacting filing requirements, lease expenditures, capital expenditures, traditional and proxy SR&ED calculation methods, and more.
Below are links to the updated policies. Note that each policy page has a section entitled “Explanation of changes” that details why and how the changes were exacted: