Category Archives: Changes to SR&ED

New SR&ED Enforcement Measures Announced

The 2013 federal budget has announced new compliance measures to monitor the advice provided by SR&ED practitioners.  The following measures were proposed by the federal budget: The Business Number of each SR&ED practitioner will be required with each SR&ED claim, … Continue reading

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Reduction of SR&ED May Have Negative Impact on Oilsands Cleanup

According to a report by Geoff Dembicki of the TheTyee.ca, the cuts of SR&ED tax credits will erode the ability of fossil fuel producers to reduce their environmental footprint.  Bob Bleaney of the Canadian Association of Petroleum Producers (CAPP) reasons … Continue reading

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Green Party Leader Argues that Canada Needs to Invest in Innovation and the Clean-Tech Sector

Environmentalists, such as Elizabeth May of the Green Party, argue that investment into oilsands development should be instead be allocated to innovation in the clean-tech sector. May suggests that growth in the clean-tech sector helps to achieve both economic goals … Continue reading

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CRA Taking Steps to Improve SR&ED Administration and Predictability

In response to Economic Action Plan 2012, the CRA has announced the following steps to improve the predictability of the outcome of SR&ED claims: Conduct a pilot project on a formal pre-approval process (FPAP) in spring of 2013; Enhance the … Continue reading

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Liberals Believe Conservative Cuts to SR&ED Jeopardize Canadian Competitiveness

Ted Hsu, Liberal Critic responsible for Science and Technology, challenges the rationale behind recent changes to the SR&ED program.  Hsu opines that the elimination of capital expenditure eligibility, combined with the reduction of the overall SR&ED tax credit from 20% … Continue reading

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