Recently, we sent a letter of support to the Canadian Advanced Technology Alliance (CATA) in proposing the Resilience and Rebound fund to provide interest-free, partially forgivable loans to innovative companies who have previously worked on SR&ED projects. To whom it may concern, We would like to announce our support to 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…
One question we frequently get asked is: “Can I claim costs for IT (e.g. computer, printer, software, servers etc.) as eligible SR&ED expenses?” Unfortunately, the short answer is no, as IT costs are considered to be capital expenditure, as discussed below. Common IT Costs Capital vs. current expenditures CRA classifies Read more…
Quality Control and Routine Testing are excluded from SR&ED claims because work of this nature does not result in technological advancements. The Eligibility of Work for SR&ED Investment Tax Credits Policy1, lists some exclusions for SR&ED claims. Quality control and routine testing are among those excluded items. This blog post 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…