We are often asked by our clients if their Scientific Research & Experimental Development (SR&ED) refund is considered taxable income. In this article, we will look at what your SR&ED refund is, the definition of an Investment Tax Credit (ITC), and how your SR&ED refund is taken into account Read more…
The Tax Court of Canada announced an update to their in-person hearings on June 1, 2021, in a Notice to the Public and the Profession. It was announced on June 1, 2021, that in light of the ongoing pandemic the Chief Justice of the Tax Court of Canada has cancelled Read more…
On August 13, 2021, the Canada Revenue Agency (CRA) announced a new scientific research and experimental development (SR&ED) policy document: Guidelines on the eligibility of work for scientific research and experimental development (SR&ED) tax incentives. This document replaced the Eligibility of Work for SR&ED Investment Tax Credits Policy which has Read more…
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…
Understanding the Scientific Research and Experimental Development (SR&ED) program can seem overwhelming to those who aren’t familiar with this generous tax credit. However, the team at SR&ED Education and Resources are committed to providing accessible, plain-language resources to help demystify SR&ED. That’s why we’ve utilized the innovative KnowledgeFox® microlearning system to create two Read more…