SR&ED Restrictions – When does Testing & Quality Control Qualify for a Claim?

Mar 17 2016
By: boastcapital
Categories: SRED Resources
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SR&ED Restrictions

When claiming SR&ED it’s important to note that the Income Tax Act (“ITA”) specifies the following exclusions:

1. market research or sales promotion,
2. quality control or routine testing of materials, devices, products or processes,
3. research in the social sciences or the humanities,
4. prospecting, exploring or drilling for, or producing, minerals, petroleum or natural gas,
5. the commercial production of a new or improved material, device or product or the commercial use of a new or improved process,
6. style changes, or
7. routine data collection;

While some of these seem obvious, number 2, quality control or routine testing is not. The definition begs the questions – what is quality control? What is routine?

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Is the Canada Revenue Agency listening? Recap of SR&ED Practitioners Session

Feb 24 2016
By: boastcapital
Categories: News, SRED Resources
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CRA Listening

Are you frustrated with the CRA’s administration of the SR&ED program? Do you have issues with how the review of your last SR&ED claim turned out? You are not alone and there is hope! The CRA is listening, now lets see if they follow through.

The Boast Capital team had the privilege of attending a SR&ED practitioners’ session hosted by the CRA and had the opportunity to listen to directors of the SR&ED department from Ottawa and regional directors and managers within the SR&ED department. SR&ED practitioners from many different firms were invited to listen to the CRA and participate in a Q&A session.

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    Boast Capital is a team of engineers and finance professionals with over 20 years experience helping companies in Canada and the U.S. successfully claim and maximize R&D tax credits.
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