As many taxpayers typically opt to use the Proxy method to calculate their returns, we thought it pertinent to delve further into how to calculate the Prescribed Proxy Amount (PPA), what exactly the PPA Cap is, and how they may affect your claim. In the past, we have discussed the Read more…
If you are filing a claim for the SR&ED tax credit your applicable research will be based on a sound hypothesis. However, how do you come up with a hypothesis for SR&ED? This article will provide advice on developing a good hypothesis that will pass CRA scrutiny. If you are Read more…
Re-evaluate how you collate your SR&ED information by using a 5 steps guide to write your technical narrative. One of the main questions we’re asked is how to complete the T661 Technical Narrative. Over the years, we’ve found that it doesn’t always make sense to follow the standard technical narrative Read more…
Make sure your claim stays on target with the correct T4088 Guide as there have been changes. In 2015, changes were made to Part 2 (Project Information) of the T4088 Guide to Form T661. This reflected changes to the 2015 version of the Form T661 and the revised Eligibility of Work Read more…
Compared to the first half of 2015, Q3 & Q4 — spanning July to December — saw significantly fewer changes and updates to the Scientific Research & Experimental Development (SR&ED) program. This post will address changes which occurred between July to December 2015, including: Changes to administrative documents crucial to Read more…