There was little of consequence in the March 2013 Budget that relates to SR&ED.
What was of interest, however, was a new requirement for applicants to provide information about their consultants (Business Number) and the basis of the fees paid to them. This requirement will take effect for SR&ED claims filed on or after January 1, 2014.
Failure to provide this information may result in a fine of $1,000.
In 2012 the CRA asked for feedback from the SR&ED community of the issue of the impact of contingency fees on claimants and potential claimants. The responses showed no great concerns about this issues. Responses from the consultant community asked CRA to disclose the information that formed the basis of their concerns about contingency fees.
This may be a case of “Be careful what you ask for. You might get it.”