Category Archives: Uncategorized

SR&ED Basics

Scientix Inc. Working with you to maximize your SR&ED incentive What Is SR&ED And How Is It Defined? SR&ED is an acronym for Scientific Research and Experimental Development, a federal incentive program for companies performing SR&ED. Many provinces have similar … Continue reading

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Change to SR&ED T661 Form Coming This Fall

CRA has added a new form to replace the existing T661 form. Use of this new form will become mandatory on January 1, 2014 for all years. The posting follows below: SR&ED T661 Claim Form – 2013 Revision In October … Continue reading

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SR&ED and the March 21, 2013 Budget

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 … Continue reading

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SR&ED T661 claim form – 2012 Revision

In October 2012 the Canada Revenue Agency (CRA) will be releasing a revised Form T661, Scientific Research and Experimental Development (SR&ED) Expenditures Claim, to accommodate the legislative changes proposed in the March 2012 federal budget that will be coming into … Continue reading

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Employees or Consultants for SRED work?

Many companies choose to use consultants to conduct R&D. Among the reasons for doing so are the perception that they can avoid the extra costs of paying for the employer’s portion of CPP and UI. They also feel that they … Continue reading

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CHANGES TO THE SR&ED PROGRAM IN THE 2012 BUDGET

The Federal Budget introduced today contains a number of the recommendations in the Jenkins Report.  The table on the next page summarizes the main changes. The good news is that the program has fundamentally remained the same, although it is … Continue reading

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Reflections on the Jenkins Report (2)

These reflections focus on the Executive Summary section of the report. One of the phrases we have heard frequently from RTA’s is “root cause”. Some of the RTA’s have even held that SR&ED can’t begin until a root cause has … Continue reading

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