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…
The 5 Questions For SR&ED – Intent and Evolution The Scientific Research and Experimental Development (SR&ED) program uses 5 questions to determine the eligibility of the work performed. While it is important to know the Canada Revenue Agency (CRA) policies, it is also helpful to review the Tax Court of Read more…
Last March, the Department of Finance Canada released its 2018 Report on Federal Tax Expenditures. In previous years, the projected figures of the federal government’s revenue being spent on the SR&ED tax credit had been declining. What does this year’s report say? If you compare the Report on Federal Tax Read more…
Can fees incurred during the preparation of an SR&ED claim (including SR&ED consultant fees) be included in the claim’s expenditures? SR&ED consultants are often necessary third parties when filing an SR&ED claim, as the process can be complicated. Although the CRA state that “the non-adversarial nature of the process allows Read more…