Final SR&ED Extension Set For December 31st, 2020
By admin
Published On December 7, 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 to file sooner rather than later in December due to the holiday break that many people take.
Below is a chart provided by CRA to outline all of the extensions that have happened this year. It may be confusing but again, the only remaining SR&ED extension is December 31st, 2020.
| Tax year-end | Filing due date (six months after filing due date) | Extended filing due date due to COVID measures | SR&ED reporting deadline (12 months after filing due date) | Extended due to order (TLOPA) | SR&ED reporting deadline (including extended due to order) |
|---|---|---|---|---|---|
| September 13, 2018 – December 31, 2018 | March 13, 2019 – June 30, 2019 | n/a | March 13, 2020 – June 30, 2020 | Yes, by exactly six months | September 13, 2020 to December 31, 2020 |
| January 1, 2019 – June 29, 2019 | July 1, 2019 – December 29, 2019* | No | July 1, 2020 – December 29, 2020 | Yes | All to December 31, 2020 |
| June 30, 2019 – September 18, 2019 | December 31, 2019 – March 18, 2020 | No | December 31, 2020 – March 18, 2021 | No | December 31, 2020 – March 18, 2021 |
| September 19, 2019 – November 29, 2019 | March 19, 2020 – May 29, 2020* | June 1, 2020 | June 1, 2021 | No | June 1, 2021 |
| November 30, 2019 – February 29, 2020 | May 31, 2020** – August 31, 2020 | September 1, 2020 | September 1, 2021 | No | September 1, 2021 |
| March 1, 2020 and later | September 1, 2020 and later | No | September 1, 2021 and later | No | September 1, 2021 and later |
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