The Canada Revenue Agency (CRA) search for external SR&ED consultants to assist with SR&ED claims. In early 2018 the CRA posted a notice on buyandsell.gc.ca that the agency is “seeking to establish a supply arrangement to maintain a list of pre-qualified consultants … on an ‘as and when requested’ basis, authorized 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…
SR&ED Education and Resources analyzed what was published regarding annual SR&ED spend by the federal governments in the CRA’s Reports to Parliament and Departmental Performance Reports. What were the results? In prior reports, we analyzed the annual spend on the SR&ED program in the federal government’s CRA Reports to Parliament and Read more…
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…
Things to look out for when completing the T661 form for SR&ED: If you have used a third-party claim preparer to help file your SR&ED claim, ensure you provide all the information that is requested. There is substantial paperwork to prepare when filing your taxes, including the forms required to Read more…