When it comes to the SR&ED program, there’s a raging debate about the difference in meaning between technical and technological. Why is this so important? Because if CRA finds that your project is “technical” in nature, and not “technological”, then you could be...
Why is SR&ED so difficult? The SR&ED program is probably the area of the Income Tax Act subject to the most speculation, interpretation and dispute. The SR&ED program has been around since the 80s. In the 90s, the program was expanded from just SR...
You may have heard that there are three criteria to the SR&ED Program, but there are actually four! Technological uncertainty or obstacle; Technological advancement; Systematic Investigation Even if you have a project that meets those definitions, you cannot...
We see it time and time again, clients selected for full technical audit, and the mad dash begins. SR&ED claimants busy running their own business, and this chaotic process is thrown in that causes utter mayhem. The claimants figures, well, CRA gets it, they know...
On March 31, 2015, a new SR&ED judgment was released. http://decision.tcc-cci.gc.ca/tcc-cci/decisions/en/item/108839/index.do Judge D’Auray from Tax Court of Canada in Montreal arrived at a profound conclusion: “The appeal from the assessments made under the...
Have you ever been through an SR&ED audit? Have you been through an audit in the past 5 years? If you were lucky, you probably only spent a month preparing, and CRA probably still asked you for more information after their visit. If you were not lucky, you might...
