What are assistance and contract payments, what is the difference between assistance and contract payments, and how do these affect the distribution of SR&ED? When SR&ED work is completed with the help of outside parties the contract is essential to determine which company is eligible to claim SR&ED for the Read more…
DIY SR&ED: Money-saver or potential disaster? Preparing an SR&ED tax incentive claim without the assistance of a consultant may appeal to many claimants. There are many RTAs (Research and Technology Advisors at the CRA) that will encourage “do-it-yourself” (DIY) SR&ED claims. In this post, we discuss the benefits and potential drawbacks Read more…
Since 1999 the Canada Revenue Agency (CRA) has provided the Canadian Treasury with “a comprehensive report on the performance of the CRA for the previous fiscal year, and a discussion of the CRA’s achievements against the key targets and indicators set out in our Corporate Business Plan and Departmental Plan.” Read more…
When applying for tax credits through the Scientific Research and Experimental Development (SR&ED) incentive program, the first hurdle which all projects face is that of determining eligibility. The confusion often faced over whether or not your work qualifies for SR&ED hasn’t been helped by recent changes in the Canada Revenue Read more…
In late December 2014, the Canada Revenue Agency (CRA) posted updated versions of the Scientific Research and Experimental Development (SR&ED) program’s financial policy documents. According to the CRA’s update announcement, the documents were revised to “accommodate the legislative changes that have been announced from 2012 to the present” by the federal Read more…