In December 2020, the Canada Revenue Agency (CRA) implemented changes to the Scientific Research and Experimental Development (SR&ED) form, the T661. The new version of the T661 form, the T661(20), is now in use, and the T661(15) will no longer be accepted as of January 1, 2021. In this post, Read more…
The winds of change are swirling around the Scientific Research & Experimental Development (SR&ED) program. In the past few months, there has been considerable debate around the way SR&ED is being overhauled and how strongly the effects will ripple through the industry. Below is a summary of the changes and Read more…
After months of speculation, the Canada Revenue Agency (CRA) has finally revealed the new T661 form, which is used to apply for the Scientific Research & Experimental Development (SR&ED) tax credit. Claimants may submit the current form until the end of the year, but as of January 1, 2014 Read more…