As many taxpayers typically opt to use the Proxy method to calculate their returns, we thought it pertinent to delve further into how to calculate the Prescribed Proxy Amount (PPA), what exactly the PPA Cap is, and how they may affect your claim. In the past, we have discussed the Read more…
A recent legal ruling brought to light the issue of what happens when Scientific Research and Experimental Development (SR&ED) consultants and their clients do not agree. The answer is in the contract. This ruling highlights the importance of both sides reading and agreeing to the details in the agreement as Read more…
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…
The development of software is the subject of considerable debate at the CRA and, more generally, there is confusion about what does and does not qualify for SR&ED within this area. This post will delve deeper into software development in SR&ED. When applying for SRED tax credits the applicant must 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…