While government sponsored programs in Canada are mainly funding work done in Canada, some foreign based work may be funded also.
Capturing Foreign SRED Costs
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Filing SRED claims in the Right Province
Sometimes a company will have project work done in another province than the one in which it is situated. If that is your company, make sure that any SRED claim is filed for the province in which the work was done.
SR&ED Claim Reviews
What is the likelihood of changing a CRA reviewer’s mind after they have made a proposal about your claim? We have seen such a change occur, more than once, but such a result is a minority outcome.
Eligible SR&ED Costs
The in-person review of your SRED claim involves determining whether you did eligible work, and then if it is decided that you did, a reviewer makes a decision as to what it cost, i.e.: what expenditure amounts are eligible.
Disputing a SR&ED Review
Once the CRA reviewers have looked over your claim and received as much of the requested information that they think they are likely to get, they will either accept the claim as filed, or they will write a proposal to amend the claim.
Reviewing your SR&ED Claim
Once your SR&ED claim is filed (within 18 months of the corporation’s year-end…..NO exceptions), CRA processes it. The initial review is a computer-assisted one that assigns a risk assessment score based on the wording and financial info provided.
SR&ED Tax Credits: the Numbers
The purpose of the SR&ED legislation is to induce technological advancement within Canadian industry. This requires research and experimental development.
Formadrain Inc. v. The Queen
The case of Formadrain Inc. v. The Queen, 2017 CCI 42, recently determined that a new approach to making tubing used in repairing drains involved SR&ED. The Crown argued that the project’s technological uncertainty was “entirely in the chemical composition of the...
The 5 SR&ED Questions
The law says several things about SR&ED. There has to have been a scientific or technological uncertainty. This means that the scientific or technological challenge was not resolvable by only using methodologies (techniques and procedures) that are standard practice for competent practitioners in the knowledge field to which the project pertains