Author Archives: admin

Upcoming CRA SR&ED Webinars

Canada Revenue Agency will be hosting 2 pilot webinars on the SR&ED program.  These free public online interactive webinars will provide a general overview of the Program, explaining the eligibility criteria, what expenditures qualify, and how to file a Scientific … Continue reading

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Claim Review Manual for SR&ED Research and Technology Advisors

The CRA website has been updated with the complete Claim Review Manual (CRM) for Research and Technology Advisors. The new CRM cancels and replaces The Guide to Conducting a Scientific Research and Experimental Development (SR&ED) Review and Directive 2004-03 SR&ED … Continue reading

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Revised Optional SR&ED Filing Measure for T661

As of January 1, 2014, Part 9 of the Form T661 (13) for SR&ED must be completed with details about the claim preparer(s) involved. If any of the prescribed claim preparer information is missing, incomplete or inaccurate, a penalty of … Continue reading

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Toronto Best Place to Build Startups Due to Government Funding and Access to Talent

Toronto is the best place in Canada to build a startup, and the 8th-best place in the world, according to Genome’s Startup Ecosystem Report. The Canadian and provincial (Ontario) governments provide startups with substantial R&D funding from IRAP and SR&ED.  In … Continue reading

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Ammendments to SR&ED

Bill C-4 was tabled on March 21, 2013, and proposed ammendments to the Income Tax Act.  This bill has received royal assent and has become law. A summary of the new ammendments are as follows: Undeducted SR&ED expenditures from before … Continue reading

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