As we venture on into the year 2021, Canada Revenue Agency (CRA) has invested more time this year into evaluating SR&ED claims. In 2020 CRA was more lenient by extending filing deadlines, canceling audits and reviews, and processing claims quicker […]
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As businesses across Canada continue to utilize the Canada Emergency Wage Subsidy (CEWS), it is imperative that a business is tracking how much of the subsidy they have received. The CEWS Registry created by the Government of Canada allows for […]
The Government of Ontario has now activated a new COVID-19 relief fund for small businesses across Canada. The main focus is to assist companies that have had to close during the current COVID-19 crisis, money spent on personal protective equipment […]
On Friday, October 30th, Canada Revenue Agency (CRA) announced changes to three forms; T661, T1145, and the T1146. With these form changes, CRA has now updated the T4088 SR&ED Expenditures Claim – Guide to Form T661 which is specially related […]
As of January 1st, 2021, new changes to contact The Canadian Revenue Agency (CRA) over the phone will take into effect. CRA is tasked with protecting the information of businesses and individuals and in doing so will require additional information […]
As we approach the end of 2020, Canadian Revenue Agency (CRA) has one remaining SR&ED extension set for December 31st, 2020. Companies as far back as a December 2018 year-end still have time to submit their claim. We encourage companies […]
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The announcement of the Ontario 2020 budget comes with mixed reviews this year. As many new grants have been established or extended, not too many changes have occurred with the scientific research and experimental development tax credit (SR&ED). The SR&ED […]
The Government of Canada (CRA) has announced three updated SR&ED forms. The forms updated are the T661, T1145, and the T1146. Below is a breakdown of the changes made by CRA. T661 Scientific Research and Experimental Development (SR&ED) Expenditures Claim […]
Braithwaite Canada is thrilled to have CRA conducting the first-time claimant advisory service (FTCAS) again, since the COVID-19 stay at home orders. The FTCAS was designed to educate first-time filers on the SR&ED program as well as highlight some points […]
As previously mentioned by CRA, the filing and payment deadline was announced for September 1st, 2020 on original files for individuals, corporations and trusts. Announced on July 27th, CRA has now extended the payment deadline to September 30th, 2020. The […]
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