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 by December 31st, 2020. 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.
2019 fiscal year claims are also extended as well to December 31st, 2020. Year ends from January 2019 to June 2019 can now be filed by December 31st, 2020. 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.