Federal Government Opens Consultations on Contingency Fees for SR&ED Program

Jim Flaherty, the Minister of Finance, and Gail Shea, the Minister of National Revenue, today opened consultations regarding the issue of contingency fees on the SR&ED program.

The consultations seek input from stakeholders to better understand:

• Why firms hire third-party tax preparers on a contingency-fee basis;
• Why these tax preparers charge contingency fees;
• The prevalence of this practice;
• The amounts charged; and
• The impacts of this practice on the effectiveness of the SR&ED tax incentive program.

Written submissions will be accepted in either official language and should be mailed to the address below by October 1, 2012:

SR&ED Consultations
Department of Finance
140 O’Connor Street
Ottawa, Ontario
K1A 0G5

Questions on the process may be addressed to:

SRED-Consultations-RSDE@fin.gc.ca
613-947-6563
Fax: 613-943-2486

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One Response to Federal Government Opens Consultations on Contingency Fees for SR&ED Program

  1. Pingback: Canadian Institute of Chartered Accountants Weigh in on SR&ED Contingency Fees | SR&ED / SRED News

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