COVID-19 has impacted processing SR&ED claims at the Canada Revenue Agency (CRA), but today SR&ED filers received great news! The CRA announced on their website that: The Scientific Research and Experimental Development (SR&ED) Program is returning to normal activities. We are starting to contact claimants by phone to advance reviews Read more…
The Canadian Advanced Technology Alliance (CATA) calls on feds to protect Canadian taxpayer $36B annual innovation investment and endowment, the Resilience Rebound Emergency (RRE) Program, a proposed new program. Canadian Tech Businesses There are 13,000 small and medium-sized Canadian owned tech businesses that participate in the scientific research and development Read more…
On 19 May 2020, the Department of Justice released “Draft Legislative Proposals Regarding Time Limits and Other Periods in Circumstances Due to COVID-19“, also known as “Time Limits and Other Periods Act”. In this post, we will summarize the proposals. Purpose The purpose of this Act is: (a) to temporarily Read more…
Breaking news: CATA asks CRA for Emergency Aid for Tech Firms. The tech industry is not immune to COVID-19 crisis and challenges it has posed for Canada (and across the globe). According to an article published April 13, 2020, on ITBusiness.ca “CATA asks PM to assist tech firms with rapid Read more…
This post outlines SR&ED program updates from October to December 2019, including administrative, policy, tax law, and court cases. We have identified some key trends to watch in the SR&ED environment. Administrative, Policy, and Legislative The fourth quarter of 2019 brought some SR&ED news and information updates from CRA. While Read more…