Quality Control and Routine Testing are excluded from SR&ED claims because work of this nature does not result in technological advancements. The Eligibility of Work for SR&ED Investment Tax Credits Policy1, lists some exclusions for SR&ED claims. Quality control and routine testing are among those excluded items. This blog post Read more…
On May 14 over 180 SR&ED stakeholders participated in the 2020 SREDStakeholder webcast. A variety of topics were covered including SR&ED Medical issues, SR&ED statistics and success stories, impacts of COVID-19, CATA 2020 SR&ED initiative, recent legal rulings, and new tax court procedures. It was enlightening to hear varying perspectives Read more…
Event Notification On May 14, 2020, SR&ED Stakeholder will be broadcasting their virtual webcast on SR&ED topics. Of particular interest to SR&ED claimants and preparers will be the sessions relating to new CRA directives and the new CRA medical guidance paper. The effects of COVID-19 on SR&ED claims and recent Read more…
The most important form you will need to fill out in order to apply for SR&ED investment tax credits is the form T661. This form is required by the CRA in order to process your tax credit application. Over the past few years, we have described the CRA’s fillable T661 Read more…
In this blog post, we discuss the cancellation of the SR&ED tax credit incentive program in Alberta’s 2019 budget released on October 24th and the reactions illustrated in the media. While some commentators have voiced their displeasure with the changes, others state that a more focused funding model with specified Read more…