Category Archives: Changes to SR&ED

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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Grants May Stifle Innovation for SMEs

In a recent article in the Financial Post, Julie Bond, a SR&ED tax consultant, opined that the recommendation in the Jenkins Report to reduce the refundability of SR&ED tax credits and to move towards a grants-based system will stifle innovation … Continue reading

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2014 Federal Budget Continues to Support Canadian R&D

While there was very little mention of the SR&ED program in the latest 2014 federal budget, the federal government announced that it will be investing $1.5 billion over the next 10 years through the Canada First Research Excellence Fund, to … Continue reading

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Ontario Economic Update Suggests Replacement of R&D Tax Credits with Incentive to Reward Incremental R&D

The recent Ontario Economic Update included proposed measures intended to promote capital investment including replacing existing R&D tax credits (SR&ED) with an incentive that would reward incremental  R&D spending. This new credit would redirect support to incremental R&D expenditure growth, … Continue reading

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SR&ED T661 Form Revised for Part 9 Claim Preparer Disclosure

The T661 form, Scientific Research and Experimental Development (SR&ED) Expenditures Claim, has been revised to include additional prescribed information for SR&ED claim preparers.  If a claim preparer was engaged with the preparation of the SR&ED claim, the information below will … Continue reading

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