What happened with SR&ED in the third quarter (July to September) in 2022? Here, we discuss the updates. This post outlines Scientific Research and Experimental Development (SR&ED) program updates from July-September 2022, including administrative, policy, tax law, and court cases. SR&ED Education and Resources was busy in the third quarter Read more…
What happened with SR&ED in the second quarter (April to June) in 2022? Here, we discuss the updates. This post outlines Scientific Research and Experimental Development (SR&ED) program updates from April-June 2022, including administrative, policy, tax law, and court cases. SR&ED Education and Resources was busy in the second quarter Read more…
On April 28, 2022, Ontario’s 2022 provincial budget was released, 2022 Ontario Budget: Ontario’s Plan to Build. This budget focuses on key priorities around transit, infrastructure, healthcare and highways. We have detailed the main themes within the budget and their possible impacts on the SR&ED program. 2022 Ontario Budget Overview After Read more…
On December 14, 2020, the Court of Quebec delivered a ruling on a criminal case involving a Scientific Research & Experimental Development (SR&ED) investment tax credit (ITC) claim. In the case of R. c. Comparelli (2020), Justice Salvatore Mascia found the accused guilty of the following: Count 1: Conspiracy to Read more…
On April 6, 2022, the Canada Revenue Agency (CRA) published a news release stating they have observed a recent increase in Scientific Research and Experimental Development (SR&ED) claims containing false and/or fraudulent information. In the news article, Important reminder for businesses filing SR&ED claims, they remind taxpayers to make sure the information Read more…