Updates to the SR&ED Filing Requirements Policy

Updates to the SR&ED Filing Requirements Policy

On November 26, 2020, the Canada Revenue Agency (CRA) announced updates to the SR&ED Filing Requirements Policy to reflect legislative changes which were made in light of the COVID-19 pandemic, in particular, extensions to Scientific Research and Experimental Development (SR&ED) reporting deadlines.

The SR&ED Filing Requirements Policy states:

In response to the COVID-19 pandemic, the Canada Revenue Agency has extended the filing due dates for submitting some 2019 and 2020 income tax returns, which resulted in the extension of certain SR&ED reporting deadlines. Additionally, the minister of national revenue under the Time Limits and Other Periods Act (COVID-19), issued an order to extend SR&ED deadlines normally occurring from March 13, 2020, through December 30, 2020, for six months, but no later than December 31, 2020. For more information, see Appendix A.1

The policy now reflects the six-month extension which was put into place on August 31, 2020 through the passing of Bill C-20 which “allows the Minister of National Revenue under the, Time Limits and Other Periods Act (COVID-19) (TLOPA), to issue an order to extend the SR&ED reporting deadline”.2

In addition, if the SR&ED reporting deadline falls on a Saturday, Sunday, or holiday, the CRA will consider it to be filed on time if it is filed the next business day after the SR&ED reporting deadline.

The following table provides more details on the dates which are affected by the extension.3

We will keep our readers updated on any additional changes or updates to the SR&ED Filing Requirements Policy, other SR&ED policies, and reporting deadlines.  For additional reading on how COVID-19 has impacted SR&ED please visit SR&ED Payments and COVID-19.

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