The Canada Revenue Agency (CRA) released an Enforcement Notification on October 19, 2022, which stated that: Christopher Bernier, also known as Christopher-Maik Bernier (Bernier), of McDonalds Corners, Ontario, was sentenced on October 6, 2022, to a conditional jail sentence of 12 months, including 6 months of house arrest, and 70 hours of community service Read more…
The technical narrative section of an SR&ED claim is the most important part. This shows the entire scope of your development and experimentation process. Technical narratives may take some time, however, crafting them well will make it easier for you to refine to the most important details, experimental analysis, uncertainties, Read more…
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…
Do you have the proper tools in place for documentation of SR&ED work? Performing work eligible for the Scientific Research & Experimental Development (SR&ED) tax credit is an intensive process. Having the right tools in place to ensure all work is documented systematically is critical to a successful SR&ED claim. Read more…
Is Canadian Innovation in Decline? According to the 2017 Global Innovation Index (GII), which measures how innovative over 130 countries are, Canada has fallen from 15th place in 2016, to 18th place in 2017.1 What has Caused the Decline in Canadian Innovation? The Global Innovation Index acknowledges that “Canada excels in Read more…