The Canada Revenue Agency’s (CRA) T4088 1 — the guide to the T661 form used to claim the Scientific Research & Experimental Development (SR&ED) tax credit — says the following under the heading “Supporting the SR&ED Work Claimed”: Contemporaneous documentation that is dated, signed, and specific to the work performed Read more…
What is the difference between an “audit” and a “review,” and why does it matter in SR&ED? If you have been notified by the Canada Revenue Agency (CRA) that your SR&ED project is being reviewed, you may wonder if your project is actually being audited. The way the terms “audit” Read more…
What have government policy changes meant for SR&ED documentation? We have previously discussed how to keep contemporaneous documentation in our posts titled “Why do I need contemporaneous documentation for SR&ED?” and “SR&ED supporting documentation – getting from point A to point B.” This article will review the CRA’s understanding of Read more…
Scientific Research and Experimental Development (SR&ED) applications are as varied as the work claimed within them, meaning that different claims require different types of supporting evidence for corroboration. So how does a Research and Technology Advisor (RTA) determine just how much supporting evidence is sufficient? In our previous post, we Read more…
Over the years, the Canada Revenue Agency (CRA) has repeatedly faced challenges in the Tax Court of Canada regarding supporting evidence for Scientific Research & Experimental Development (SR&ED) applications. Thus, the inclusion of evidence-based policies in the new CRM is hardly a surprise. The CRM defines evidence as “anything that Read more…