Calculating Qualified SR&ED Salary or Wages This post will explain how to calculate the hourly wage of a person to determine the amount that can be claimed at various levels of government as the permissible salary or wages for the prosecution of SR&ED. The calculation of eligible salary and wages to the SR&ED tax credit is carried out in two stages. The
SR&ED – T661 Part 2: Evidence Section : Explanation In my role as a scientific adviser specializing in tax credits, I cannot emphasize strongly enough the need to support a claim with sufficient evidence. It’s essential for those involved in SR&ED activities to take precautions to avoid problems related to an audit by the Canada Revenue Agency (CRA). Specifically, a company wishing to obtain
CRA – How Your SR&ED Claim Is Processed In early 2012, the Taxpayers’ Ombudsman published a document about an investigation into whether Canada Revenue Agency (CRA) was correctly administering the Scientific Research and Experimental Development (SR&ED) program. That report was commissioned by the federal government after several industry associations complaints about inconsistent treatment of SR&ED claims. They argue that similar claims were treated
E-Business: Adjustments to Activities Transfer and Business Start-up Situations. In the Budget Speech of March 30, 2010, the Minister of Finance of Quebec announced some adjustments regarding the eligibility of corporation for the refundable tax credit for the development of e-business (TCEB). In this post, my goal is limited to present these changes as presented in the budget speech. Adjustments to the transfer of
SR&ED – What Are Your Redress Options Against a Rejection of the Canada Revenue Agency? When a SR&ED claim is denied and negotiations with CRA (Canada Revenue Agency) are unsatisfactory, the taxpayer may appeal under the “informal procedure” or the “formal procedure” to the Tax Court of Canada (TCC). In this post, I would like to present this ultimate redress measure, though the need to appeal is rare. In the article
E-Business – Details of the Eligibility of Transactional Websites Since we are in a unique position to measure trends and changes in claims for tax credits, I believe I have a responsibility to share you an aspect related to the Tax Credit for the development of E-Business (TCEB) that recently was the subject of special attention on the part of “Investissement Québec.” In fact, “Investissement Québec” has
SR&ED: Commercialization and System Uncertainties On March 31, 2015, the Tax Court of Canada (TCC) rendered a judgement concerning the eligibility of two SR&ED claims for projects aimed at improving the performance of a battery-powered wireless portable printer. This ruling covers some important ground on SR&ED jurisprudence. I am going to dwell on the topic of the eligibility of the projects, and not
TCEB : Exclusion of Wages Relating to Certain Government Contracts The 2015-2016 Quebec budget unveils some new amendments that will be made to the refundable tax credit for the development of e-business (TCEB). One of them is related to qualified wages. Hence, the tax legislation will be amended to exclude from an employee’s qualified wages any portion of the wages that is attributable to the employee’s duties for the
TCEB (Tax Credit for E-Business) – Personnel Leasing Eligibility The Ministère des finances du Québec published Friday October 29th 2010 the Information Bulletin 2010-7. This document defines changes to the refundable tax credit for the development of E-business (also known as CDAE), a credit I’ve already talked about in the past: 1. Adjustment to the tax credit for activities transfer and business start-up situations
SR&ED – Meeting with a Research and Technology Advisor: Be Ready! In a context of SR&ED tax incentives, a solid preparation for a technical review with a Research and Technology Advisor (RTA) from the Canadian Revenue Agency (CRA) can make you save time and energy. In this note, I will explain what to expect in a meeting with a RTA, and propose some suggestions to be
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