On April 28, 2022, the Canada Revenue Agency (CRA) announced updates to the Prescribed Proxy Amount Policy, the SR&ED Claims for Partnerships Policy, and the SR&ED Investment Tax Credit Policy. These updates reflect the legislative changes that have been announced. Updates to the Prescribed Proxy Amount Policy The Prescribed Proxy Read more…
What happened with SR&ED in the second quarter (April to June) in 2022? Here, we discuss the updates. This post outlines Scientific Research and Experimental Development (SR&ED) program updates from April-June 2022, including administrative, policy, tax law, and court cases. SR&ED Education and Resources was busy in the second quarter Read more…
How much of an “advancement” does the SR&ED need to have to be considered a “technological advancement” in SR&ED? The most important concept of the Scientific Research and Experimental Development (SR&ED) program is the goal of “scientific or technological advancement” and this article intends to clarify the CRA’s definition of technological advancement and clarify Read more…
On April 6, 2022, the Canada Revenue Agency (CRA) published a news release stating they have observed a recent increase in Scientific Research and Experimental Development (SR&ED) claims containing false and/or fraudulent information. In the news article, Tax Tip – Important reminder for businesses filing SR&ED claims, they remind taxpayers to make Read more…
This post outlines Scientific Research and Experimental Development (SR&ED) program updates from January-March 2022, including administrative, policy, tax law, and court cases. As the country’s focus and atmosphere have been dominated by the easing of Covid-19 restrictions, SR&ED Education and Resources has been busy keeping our readers up to date. Read more…