The Canada Revenue Agency (CRA) are becoming “more stringent” with the program, states Brenda Bouw for The Globe and Mail. The Globe and Mail newspaper ran an article on SR&ED tax claims entitled “Ottawa tightens screws on R&D incentive program” that notes that the CRA has become “more stringent” with Read more…
The creation of a new independent administrator will manage tax incentives to ensure companies see more benefits. Some technology-focused groups are calling for the creation of an independent administrator to help reform the innovation tax credit system in Canada (which includes the SR&ED tax credit). The proposed administrator would comprise Read more…
Getting through an audit by the CRA is as simple as preparation! No one enjoys being audited by the Canada Revenue Agency (CRA), but when it comes to the SR&ED tax credit program, it seems to be happening frequently. What is the process to follow when the CRA contacts Read more…
The Income Tax Act has gone through some Legislative changes. How does that impact the SR&ED? The Department of Finance released three legislative proposals relating to the Income Tax Act and Regulations on September 16, 2016, that directly impact the SR&ED program. One of the proposals is still awaiting royal assent. Read more…
Be picky when choosing a SR&ED consultant to help with SR&ED tax credit applications. A good SR&ED consultant can help maximize your refund and defend a claim that is under review. Consultants can help you pull together all of the documents you need to support a claim with the Canada Revenue Agency Read more…