In an update posted on 28 May 2020, the Canada Revenue Agency (CRA) announced changes to collections, audits, objections, and appeals due to COVID-19. In this post, we will summarize those changes. At this time these changes do not directly impact SR&ED claims, but the changes could be expanded at Read more…
Learn more about what the Taxpayers’ Ombudsperson can do for you. We have previously written about the process of filing a service-related complaint with the Canada Revenue Agency (CRA). However, there are instances where the CRA’s service complaint process does not satisfy a taxpayer’s concerns regarding the timeliness, consistency, and professionalism Read more…
When applying for tax credits through the Scientific Research and Experimental Development (SR&ED) incentive program, the first hurdle which all projects face is that of determining eligibility. The confusion often faced over whether or not your work qualifies for SR&ED hasn’t been helped by recent changes in the Canada Revenue Read more…
Overstating an SR&ED claim may cause you to lose more than your tax refund. In the first part of this article, we examined changing attitudes within the Canada Revenue Agency in response to exaggerated or falsified Scientific Research & Experimental Development (SR&ED) claims. We also briefly outlined possible scenarios when filing a claim. In part Read more…
Avoid the Canada Revenue Agency (CRA)’s firing line (or, its Plummeting Patience) In a bid to push innovation and launch itself to the forefront of cutting-edge scientific and technological development, Canada has developed one of the most expensive research and development tax incentive programs on the planet through its Scientific Read more…