The CRA’s Self-Assessment and Learning Tool (SALT) provides claimants an estimate of the refund they are likely to receive under the SR&ED program. The CRA updated its Self-Assessment and Learning Tool (SALT) in August 2017 to factor in recent changes to the provincial tax credit rates made in Manitoba, Ontario, Read more…
Updates to the CRA’s SR&ED Glossary On the CRA’s website, the SR&ED glossary was quietly changed on March 30, 2017. The changes affect the glossary definitions for the terms “humanities” and “social sciences”. What changed? The changes were small, and so was the impact. Essentially, the same line was deleted Read more…
Make sure your claim stays on target with the correct T4088 Guide. In 2015, changes were made to Part 2 (Project Information) of the T4088 Guide to Form T661. This reflected changes to the 2015 version of the Form T661 and the revised Eligibility of Work for SR&ED Investment Tax Credit Read more…
The Scientific Research and Experimental Development (SR&ED) program is a frequently updated R&D tax credit. Given the immense difference that any official change brings upon practicing and claiming SR&ED, it is extremely important for claimants to stay up-to-date regarding the program’s administration. This article will limit itself to Q1 2015 changes Read more…
The Canada Revenue Agency (CRA) recently released the T661(13), the newest edition of the form used to apply for the Scientific Research & Experimental Development (SR&ED) tax credit. But how does the updated version compare to its predecessor, the T661(12)? We studied both versions and contrasted them for you below Read more…