Tag Archives: CRA

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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Increase Your Cashflow by Filing SR&ED On Time – SR&ED Service Standards

The latest Canada Revenue Agency service standards¬†for April 2012 to September 2012, as reported in CRA’s Annual Report to Parliament, show that the average SR&ED claim takes 109 days to process. It should be noted that it is advantageous to … Continue reading

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Canadian Institute of Chartered Accountants Weigh in on SR&ED Contingency Fees

According to Gabe Hayos, the Vice President of the Canadian Institute of Chartered Accountants (CICA), the CICA Tax Policy Committee believes that contingency fee arrangements are a vital component of Canada’s SR&ED tax credit system. ¬†Consultants play a valuable role … Continue reading

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