CRA

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The Importance of Documentation & Time Tracking With an SR&ED Claim

The Scientific Research and Experimental Development program (SR&ED) is a very lucrative cash or credit incentive at 15% – 35% depending on a company being CCPC or Non-CCPC. The program approves SR&ED claims based on either basic research, applied research, […]

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April 27, 2021
All  ·  CRA  ·  Funding Programs  ·  SR&ED
What are the Effects on SR&ED from the 2021 Federal Budget?

As the 2021 Federal Budget was released on Monday, April 19th, 2021, we at Braithwaite Canada have evaluated all 724 pages of the document to determine the effects on the SR&ED Tax Credit. This year’s budget unfortunately did not speak […]

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April 22, 2021
All  ·  CRA  ·  SR&ED
What Is A Claim Advisory Service SR&ED Review?

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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February 19, 2021
All  ·  CRA  ·  Funding Programs  ·  SR&ED
Tracking The Canada Emergency Wage Subsidy With The Government Of Canada’s CEWS Registry Tool

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 […]

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February 3, 2021
All  ·  CRA  ·  Funding Programs
Government Of Ontario Activates COVID-19 Relief For Small Businesses

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 […]

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January 15, 2021
All  ·  CRA  ·  SR&ED
CRA’s Changes To T4088 SR&ED Expenditure Claim – Guide To Form T661

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 […]

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December 17, 2020
All  ·  CRA  ·  Funding Programs  ·  SR&ED
CRA’s New Authorization For Representatives Over The Telephone

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 […]

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December 16, 2020
All  ·  CRA  ·  SR&ED
Final SR&ED Extension Set For December 31st, 2020

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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December 7, 2020
All  ·  CRA  ·  Funding Programs  ·  SR&ED
Ontario’s 2020 Budget | How It Affects Research & Development (SR&ED)

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 […]

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November 11, 2020
All  ·  CRA  ·  SR&ED
3 Updated SR&ED Forms Announced By The Government of Canada

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 […]

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November 11, 2020
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