In a continued effort to simplify the SR&ED program, The Canada Revenue Agency (CRA) has just announced that it will release a revised version of Form T661, “SR&ED Expenditures Claim”, in October 2013 that will come into effect starting January 1, 2014.
When: Wednesday, June 5th, 11:30am-1:00pm MDT
Where: TEC Edmonton, Cantec Hub, 4th floor , Suite 4000-10230 Jasper Ave NW, Edmonton, Alberta T5J 4P6
Join us at this exclusive seminar where you will learn about the different funding programs such as Mitacs, IRAP, AITF, TECTERRA and SR&ED and how you can prepare a successful application. The agenda for the event includes presentations, Q&A, lunch and networking.
When: Wednesday, May 22nd, 12:00-1:00pm MDT
Where: Your Computer
Canada is one of the most generous countries in funding research, innovation, and experimentation, providing approximately $7 billion annually to over 30,000 companies. Over $4.5 billion of this funding pool is provided under the Scientific Research & Experimental Development (SR&ED) program.
Originally posted on the Calgary Herald
Last year the Federal government announced their first budget, as a majority government, keeping innovation at the forefront.
Specifically several changes were announced to the Scientific Research & Experimental Development (SR&ED) program per recommendations of the Jenkins Panel to support a more direct funding model from the savings created. While the changes to the SR&ED program in the 2013 budget weren’t as significant as the 2012 budget, the focus still remained increasing direct funding opportunities to support innovation.
The Canada Revenue Agency (CRA) has just released a new policy and procedures document in which it outlines five questions to determine eligibility of work for SR&ED investment tax credits. This approach supplements how the three criteria (scientific or technological advancement, scientific and technical content, and scientific or technological uncertainty) are applied by providing a logical order for assessing them.
Below are the five questions along with definitions from the CRA: