Category Archives: Changes to SR&ED

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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SR&ED Filing Requirements for Partnerships Updated

The CRA has recently released an administrative update on the SR&ED filing requirements for partnerships with corporations as members. Under policies effective as of January 1, 2011, the Form T661 Scientific Research and Experimental Development Expenditures Claim should be filed at the … Continue reading

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