Category Archives: Changes to SR&ED

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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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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