On March 25, 2021, over 150 Scientific Research and Experimental Development (SR&ED) stakeholders participated in the 2021 SREDStakeholder webcast. A variety of topics were covered including SR&ED Medical issues, Technological Advancement (TA) in Patents, recent SR&ED court cases, SR&ED statistics and initiatives, and Tax Court Strategies in Covid. It was Read more…
Scientific Research and Experimental Development (SR&ED) investment tax credits (ITCs) may be carried backed to be applied to the prior year’s taxes or carried forward to be applied to future year’s taxes. Additionally, the pool of deductible SR&ED expenditures may be carried forward to be used in future years. This Read more…
Scientific Research and Experimental Development (SR&ED) investment tax credits (ITCs) may be carried backed to be applied to the prior year’s taxes or carried forward to be applied to future year’s taxes. This post will explain the SR&ED carry back and carry forward rules at the federal level. SR&ED ITC Read more…
On May 14 over 180 SR&ED stakeholders participated in the 2020 SREDStakeholder webcast. A variety of topics were covered including SR&ED Medical issues, SR&ED statistics and success stories, impacts of COVID-19, CATA 2020 SR&ED initiative, recent legal rulings, and new tax court procedures. It was enlightening to hear varying perspectives Read more…
What’s the difference between technologists and scientists and does it matter when completing the T661? This post discusses the difference between Scientific Research and Experimental Development (SR&ED) personnel listed as “scientists and engineers” vs. “technologists and technicians” (Line 632 & 634 of the T661),1 and if it matters in the T661. Read more…