In 2019, there were sixteen legal rulings that dealt with scientific research and experimental development (SR&ED). In this post we will do an analysis of the legal rulings and how lessons learned from others can help you with your future SR&ED claims. Out of sixteen rulings, only five were successful Read more…
What are assistance and contract payments, what is the difference between assistance and contract payments, and how do these affect your SR&ED tax credits? When SR&ED work is completed with the help of outside parties, a contract is essential to determine which company is eligible to claim SR&ED and how 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…
Before disputing the CRA, be sure you understand the fundamentals of the SR&ED audit process. Often an SR&ED review leads to an assessment of “ineligible” and the company feels – rightly or wrongly – that this is incorrect. In a three-part series of posts, we’re empowering taxpayers to take control 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…