Getting through an audit by the CRA is as simple as preparation! No one enjoys being audited by the Canada Revenue Agency (CRA), but when it comes to the SR&ED tax credit program, it seems to be happening frequently. What is the process to follow when the CRA contacts Read more…
Be picky when choosing a SR&ED consultant to help with SR&ED tax credit applications. A good SR&ED consultant can help maximize your refund and defend a claim that is under review. Consultants can help you pull together all of the documents you need to support a claim with the Canada Revenue Agency Read more…
On November 29th, 2016, the Auditor General of Canada tabled an audit regarding the processing and management of income tax objections. The audit was critical of long wait times for appeals, as well as the way the Canada Revenue Agency (CRA) measures its performance. As a taxpayer applying to SR&ED, what Read more…
Similar to Q2, quarter three for the calendar year 2016 saw minor SR&ED updates to policies to ensure continuity with the 2012 federal budget changes, but the big news of the quarter is another program launch. Like our previous quarterly updates, this post will limit itself to updates within the quarter (between Read more…
After listening to an episode of Canadaland, we pondered the purpose of the SR&ED program and whether it is hurting or helping Canadian innovation. Does SR&ED Work for Canada? Why Johnny Can’t Innovate,1 an episode of Canadaland, features debates questioning the validity of the Scientific Research & Experimental Development (SR&ED) program. At Read more…