What happened with SR&ED in the third quarter (July to September) in 2022? Here, we discuss the updates. This post outlines Scientific Research and Experimental Development (SR&ED) program updates from July-September 2022, including administrative, policy, tax law, and court cases. SR&ED Education and Resources was busy in the third quarter Read more…
The pool of deductible SR&ED expenditures can cause quite a bit of confusion for SR&ED applicants. If utilized properly the balance within the pool may be useful in reducing the income claimed within the taxation year and increasing the final SR&ED refund, but what happens to the pool of deductible Read more…
On March 30, 2022, the Canada Revenue Agency (CRA) announced updates to the Pool of Deductible SR&ED Expenditures Policy, the Traditional and Proxy Methods Policy, the Third-Party Payments Policy, and the Contract Expenditures for SR&ED Performed on Behalf of a Claimant Policy. These updates reflect the legislative changes that have Read more…