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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
All  ·  CRA  ·  SR&ED
CRA’s New Procedures for a FTCAS During COVID-19

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 […]

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August 28, 2020
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CRA Extends Payment Deadline To September 30th, 2020

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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July 28, 2020
All  ·  CRA  ·  Funding Programs  ·  SR&ED
Corporation & Trust Filing Deadlines Extended Due To COVID-19

As recently announced on April 8th by The Government of Canada to combat COVID-19, Corporation & Trust Filing Deadlines were extended for companies with a filing due date before June 1st, 2020. This deadline has since been extended. As of […]

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May 26, 2020
All  ·  CRA  ·  Funding Programs  ·  SR&ED
SR&ED Reviews/Audit Updates on COVID-19

Each day Braithwaite continues to monitor the changes released by the Government of Canada on the Scientific Research and Experimental Development Program due to the Coronavirus. The newest changes announced by the Government of Canada is on reviews and audits. […]

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April 13, 2020
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