The CRA has received a ministerial order under the Time Limits and Other Periods Act (COVID-19) to allow for the extension of Scientific Research and Experimental Development (SR&ED) claim deadlines for no more than six months starting from March 13,… Read more »
CRA Begins Launching SR&ED Pre-Claim Review Pilot
In August 2016, the Canada Revenue Agency (CRA) began to launch the Pre-Claim Review pilot program in order to review and determine whether R&D projects that are in progress qualify for the Scientific Research and Experimental Development (SR&ED) tax credit… Read more »
Resolving claimants’ SR&ED concerns: Changes to CRA Guidelines
On May 30, 2016, the Canada Revenue Agency (CRA) made the following changes to the guidelines for resolving claimants’ SR&ED concerns in order to make the administrative review process faster and more consistent: Form RC532: Request for Administrative Review has… Read more »
Update to SR&ED Program Service Standards
The Canada Revenue Agency (CRA) has recently released an update of service standards for processing SR&ED claims. Based on average processing times and success rates in 2015, the following are CRA’s service standards for processing SR&ED claims as of December… Read more »
Summary of Provincial and Territorial R&D Tax Credits
The Canada Revenue Agency has recently released the most current summary of provincial and territorial R&D tax credits. Recent program developments by region include: Manitoba As of January 1, 2014, the definition of ‘eligible expenditures’ has been amended in line… Read more »
New SR&ED Videos
Canada Revenue Agency (CRA) has released a series of new educational videos about the SR&ED program. The videos cover topics including: who can claim SR&ED tax incentives, what work qualifies for SR&ED, how to calculate SR&ED expenditures and investment tax… Read more »
Changes to SR&ED T661 Form Effective January 1, 2014
The Canada Revenue Agency (CRA) has revised the SR&ED T661(13) form to accommodate the legislative changes coming into effect on January 1, 2014, and to ensure consistency with the consolidated SR&ED policy documents released in December 2012. The previous T661(12) version… Read more »
Changes to the SR&ED Program
The Scientific Research and Experimental Development (SR&ED) tax incentive program provided $3.6 billion in tax assistance for research and development in 2011. In the past year, the SR&ED program was reviewed by an Expert Panel which presented a series of recommendations… Read more »
Email Fraud Alert from the CRA
The Canadian Revenue Agency (CRA) posted an Email Fraud Alert yesterday, cautioning taxpayers to be aware of a phishing scam posing as CRA communication. Phishing is an attempt to acquire secure, personal information from individuals or businesses, such as user… Read more »