SR&ED Filing Deadline Extended To December 31, 2020
By admin
Published On September 14, 2020
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 December 31st, 2020, whichever comes first. Claims submitted with a September 2018 fiscal year end to December 2018 will still be considered amended returns. We encourage these companies to file their amended SR&ED return as soon as possible.
January 2019 to June 29, 2019 fiscal year claims are also extended as well by 6 months or to December 31st, 2020, whichever comes first. As we mentioned it is better to file sooner rather than later.
Braithwaite Canada will continue to monitor any new updates or changes made by CRA.
Source: Government of Canada https://www.canada.ca/en/revenue-agency/services/scientific-research-experimental-development-tax-incentive-program/whats-new-program/repoting-deadline-extentions.html
