On December 14, 2020, the Court of Quebec delivered a ruling on a criminal case involving a Scientific Research & Experimental Development (SR&ED) investment tax credit (ITC) claim. In the case of R. c. Comparelli (2020), Justice Salvatore Mascia found the accused guilty of the following: Count 1: Conspiracy to Read more…
On April 6, 2022, the Canada Revenue Agency (CRA) published a news release stating they have observed a recent increase in Scientific Research and Experimental Development (SR&ED) claims containing false and/or fraudulent information. In the news article, Tax Tip – Important reminder for businesses filing SR&ED claims, they remind taxpayers to make Read more…
This post outlines Scientific Research and Experimental Development (SR&ED) program updates from January-March 2022, including administrative, policy, tax law, and court cases. As the country’s focus and atmosphere have been dominated by the easing of Covid-19 restrictions, SR&ED Education and Resources has been busy keeping our readers up to date. 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…
The numerous and detailed Scientific Research and Experimental Development (SR&ED) related policies can be overwhelming. In an effort to make the inner workings of the SR&ED program more understandable we have examined some of these policies and summarized them for our readers. This summary pertains to the Materials for SR&ED Read more…