How to effectively communicate with the CRA In SR&ED project eligibility, the most important aspect is how the project has advanced technology or scientific knowledge. This often seems counter to a company’s instinct to sell its products or ideas. SR&ED Project Eligibility What does it mean for a company’s products? Read more…
When applying for tax credits through the Scientific Research and Experimental Development (SR&ED) incentive program, the first hurdle which all projects face is that of determining eligibility. The confusion often faced over whether or not your work qualifies for SR&ED hasn’t been helped by recent changes in the Canada Revenue Read more…
Overstating an SR&ED claim may cause you to lose more than your tax refund. In the first part of this article, we examined changing attitudes within the Canada Revenue Agency in response to exaggerated or falsified Scientific Research & Experimental Development (SR&ED) claims. We also briefly outlined possible scenarios when filing a claim. In part Read more…
Does your SR&ED technical narrative fit into the T661 “frame”? Part 2, Project Information of the T661 form contains a “technical narrative” portion, which serves as a blueprint of the Scientific Research and Experimental Development (SR&ED) work performed by the claimant(s). This narrative is an extremely important section of a SR&ED Read more…
A Guide to Supporting Technical Aspects of a SR&ED Claim (revised 2012) On April 10, 2012 the Canada Revenue Agency published a revised version of A Guide to Supporting Technical Aspects of a SR&ED Claim. The guide was initially created to assist claimants to identify the appropriate supporting documentation for Read more…