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 […]
The Canadian Revenue Agency (CRA) has made it clear to support research and innovation across Canada through these tough times. In doing so, has announced at the beginning of September, CRA has extended SR&ED filings for FYE 2018 claims all […]
It is welcoming news that CRA has extended the SR&ED filing deadlines to December 31st, 2020. Corporations as far back as a September 2018 fiscal year end can still file their SR&ED claim with a 6 month extension or by […]
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 […]
Since the start of COVID-19, there have been many changes to filing, submitting and contacting CRA for an update on your companies SR&ED claim. The same can now be said when CRA is contacting your company for a financial or […]
As mentioned previously by the Alberta government, SR&ED funding was removed provincially for fiscal year January 1st, 2020 and on. This was unwelcome news as all Provinces should be investing in research and innovation to boost job growth, increase economic […]
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 […]
Braithwaite Canada is pleased to share our series of SR&ED videos. With our first installment in the series, Braithwaite’s own Greg Molev presents SR&ED Through Cannabis. To Download the video, please click on the video below.
As announced on May 28th by The Government of Canada, audits, objections, and appeals have set to resume. Since the impact of COVID-19, all have been on hold. The Government of Canada will be looking at larger claims first as […]
