Developments: CRA Provides Relief for Claims with More than 20 Projects

The Canada Revenue Agency (CRA) has relaxed the deadline for meeting the new requirement of submitting a separate Part 2 of Form T661(08), Scientific Research and Experimental Development (SR&ED) Expenditures Claim, for every project claimed by an organization.

As announced in November, 2008, these requirements would have forced SR&ED claimants to provide Part 2 of Form T661 for all projects for tax years ending after 2008, rather than only the 20 largest projects in dollar value. Today's announcement means that for taxation years ending before 2010 the form is required for only those 20 projects — in effect, a one-year extension.

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