Developments

Developments: Increased need for contemporaneous documentation
The CRA has placed a greater importance on contemporaneous documents for SR&ED claims. Learn how to ensure the inclusion of supporting documents becomes a natural part of your company’s SR&ED framework.

Developments: Narrowing Canada’s innovation gap – PwC’s observations on the Jenkins report
The Jenkin's report, "Innovation Canada: A Call to Action" provides recommendations for programs that support innovation. Read our in-depth analysis and listen to our podcast to learn what the Jenkins report means for innovation in Canada.

Jenkins report provides much-anticipated recommendations
The Jenkins report released on Oct. 17, 2011 provides six key recommendations for maximizing the effect of federal programs that contribute to innovation. Read our summary of the recommendations.

Developments: The importance of contemporaneous documentation
Every SR&ED claim that’s filed must be supported by documentation that allows the CRA and the Financial Reviewer to determine the claim amount’s accuracy. Learn more in this issue.

Developments: Timely Identification of Experimental Development Projects
This edition of Developments outlines three initiatives that promote early identification of Experimental Development projects, enabling the effective collection of expenditures and supporting documentation.

Developments: Are You Losing SR&ED Benefits? — Effect of Conditionally Repayable Loans
We explain why your corporation may lose tax benefits if it funds SR&ED with conditionally repayable loans and your options for responding.

Developments: CRA Policy Updates: Filing Requirements and Third-Party Payments PLUS Changes to SR&ED Project Description Length Limits
This Developments issue covers two topics: the CRA’s draft policy to improve SR&ED program administration and changes to the limits on the length of project description narratives.

Developments: SR&ED Claims: Importance of Business Context
According to the CRA, tax credit eligibility should be assessed in the context of a company and its field of business.

Developments: Scientific Research and Experimental Development (SR&ED): Latest Version of Form T661 and Guide
Learn what the CRA revised in the Form T661 and Guide T4088 and how you can address the changes.

Developments: Scientific Research and Experimental Development (SR&ED) Program Update
This edition of Developments discusses federal government initiatives to make Canada’s SR&ED program more effective.

Developments: The CRA Revises Form T661 Requirements – Back to Top 20 Projects
The CRA announced it will continue to accept Scientific Research & Experimental Development (SR&ED) Investment Tax Credit claims for only the 20 largest SR&ED projects until further notice.

Developments: Enhanced CRA SR&ED Administration
The Federal government plans to improve the SR&ED administration process with changes to the SR&ED Tax Incentive Program starting April 2010. Read about the modifications in this PwC publication.

Developments: Accrual Financing of SR&ED Credits: A Cash-Flow Opportunity for Exporters
Do you export goods? Read this issue of PwC’s Developments publication to take advantage of an opportunity to receive an advance against your SR&ED tax credits.

Developments: Scientific Research and Experimental Development (SR&ED) — Administrative Second Review
Is your company facing difficulties during a SR&ED technical and or financial review of your claim? This PwC Developments issue provides claimants with a helpful three-step process.

Developments: Scientific Research and Experimental Development (SR&ED): Enhancing Global Competiveness
Many countries are enhancing their R&D programs and moving to catch up with Canada’s SR&ED program. To stay competitive, Canada must continue to improve and adapt to changing economic conditions.

Developments: CRA Provides Relief for Claims with More than 20 Projects
This issue of Developments discusses new relief for claims under form T661 of the Scientific Research and Experimental Development (SR&ED) Expenditures Claim.

Developments: Supporting Documentation – Guidance
This Developments issue discusses the importance of maintaining supporting documentation related to Scientific Research and Experimental Development (SR&ED) expenditures claims.

Developments: Contract Payments and their Complexities -- A Refresher
Identifying a contract payment can be difficult and may have a significant effect on a SR&ED claimant’s entitlement. PwC’s Developments discusses the CRA’s contract payment rules.

Developments: SR&ED Planning for Ontario Corporate Tax Harmonization
This Developments issue highlights the key and opportunities issues facing SR&ED claimants after the harmonization of the Ontario and federal corporate tax systems.

Developments: Revised Form T661: Implications for Your Company’s SR&ED Claim
This edition of Developments provides details on the nature of the T-661 changes and its implications for taxpayers who make SR&ED claims.

Developments: Revised SR&ED Claim Form (Form T661): What to Expect
Form T661 is a critical part of any scientific research and experimental development (SR&ED) claim. This edition of Developments highlights changes that can be expected in the revised form.

Developments: Scientific Research and Experimental Development (SR&ED) Work Outside Canada
The following Developments issue discusses an important tax policy change to the scientific research and experimental development investment tax credit program introduced in the 2008 federal budget.