Welcome!

News Feed Item

CRA Delivers Enhanced Administration and Predictability for SR&ED Claimants

OTTAWA, ONTARIO -- (Marketwire) -- 01/24/13 -- The Canada Revenue Agency (CRA) administers the Scientific Research and Experimental Development (SR&ED) tax incentive program on behalf of the Government of Canada. The CRA is committed to informing businesses in Canada about available incentives, making them easily accessible, and managing the SR&ED program with fiscal integrity.

In response to Economic Action Plan 2012, the CRA is taking the following steps to improve the predictability of the outcome of SR&ED claims:


--  conducting a pilot project to determine the feasibility of a formal pre-
    approval process; 
--  enhancing the on-line eligibility self-assessment tool; 
--  improving the Notice of Objection process; and 
--  working collaboratively with industry representatives to address
    emerging issues.

Formal pre-approval process (FPAP) service

The CRA understands that businesses would like to have more certainty about whether their claim qualifies for the SR&ED investment tax credits. To respond to this need, the CRA is looking at the feasibility of a formal pre-approval process (FPAP). The CRA will test the concept through a pilot project that will begin during the spring of 2013.

The proposed FPAP service will provide enhanced predictability of the eligibility of an entire SR&ED claim or a specific project. The CRA will work with claimants in real time to help determine what work and expenditures are eligible for SR&ED investment tax credits and what supporting evidence is required. If the pilot project is successful, the proposed FPAP service should result in faster claim processing as it will eliminate the need for a post-filing, on-site review of SR&ED claims.

In order to test and evaluate the proposed FPAP service and ensure that it meets the needs of claimants, the CRA is currently seeking participants for the FPAP pilot project. Information about the pilot project and the possibility of participating can be found on the CRA Web site at http://www.cra-arc.gc.ca/txcrdt/sred-rsde/whtsnw/prpprvlsrvc-eng.html.

On-line eligibility self-assessment tool (ESAT)

The CRA is enhancing the on-line eligibility self-assessment tool (ESAT) that has been available since 2008. The enhanced ESAT will continue to help claimants to determine if the research and development work that has been done has the potential to satisfy the requirements of the SR&ED program. It has been designed to help claimants to better understand the SR&ED policy on the eligibility of research and development work and to determine in a practical way how it applies to a particular business. The enhanced ESAT could also assist claimants in completing Form T661, Scientific Research and Experimental Development (SR&ED) Expenditures Claim. Several members of the SR&ED community will be testing a preliminary version of the tool and providing feedback before the enhanced ESAT is made available on the CRA Web site.

Notices of Objection for claims

The CRA has improved the review process for Notices of Objection related to the scientific eligibility of SR&ED claims. The CRA has hired additional scientific staff with a broad range of science and engineering expertise who can perform a more specialized review in addressing the SR&ED scientific eligibility issues that claimants have raised in their Notices of Objection. The reviews have also been expanded to provide for greater contact between the CRA's SR&ED scientific staff and the claimants.

Collaboration: listening to stakeholders

The CRA continues to meet with industry representatives to discuss and address emerging SR&ED issues. For example, in October 2012, the CRA held a forum for the oil and gas and mining industry. One of the objectives of the forum was to discuss issues of importance to both the CRA and the industry related to the SR&ED program.

The CRA also jointly developed with SR&ED stakeholders case studies on emerging technical issues for discussion at the forthcoming Association de planification fiscale et financiere (APFF) SR&ED Symposium to be held in Montreal, Quebec, in February 2013.

Policy Review Project

Following nearly 16 months of public consultations, in December 2012, the CRA announced the successful completion of its SR&ED Policy Review Project and released consolidated SR&ED policy documents. None of the principles were changed, but the text was re-written to improve clarity and readability. The policy information was reformatted and restructured and is now presented in a user-friendly way on the CRA Web site. The new format of the policy documents makes it easier for the CRA to update them regularly to reflect legislative changes and to facilitate understanding through, for instance, the addition of more examples.

More information

For more information about the SR&ED program, visit http://www.cra-arc.gc.ca/txcrdt/sred-rsde/menu-eng.html or contact the CRA.

Stay connected (www.cra.gc.ca/socialmedia)

To receive updates when new information is added to our Web site, you can:

- follow the CRA on Twitter - @CanRevAgency;

- subscribe to a CRA electronic mailing list; and

- add our RSS feeds to your feed reader.

You can also visit us on YouTube for tax-related videos.

Contacts:
Noel Carisse
Canada Revenue Agency
Media Relations
613-952-9184

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Providing the needed data for application development and testing is a huge headache for most organizations. The problems are often the same across companies - speed, quality, cost, and control. Provisioning data can take days or weeks, every time a refresh is required. Using dummy data leads to quality problems. Creating physical copies of large data sets and sending them to distributed teams of developers eats up expensive storage and bandwidth resources. And, all of these copies proliferating...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm. In his Day 3 Keynote at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will explore t...
SYS-CON Events announced today that Technologic Systems Inc., an embedded systems solutions company, will exhibit at SYS-CON's @ThingsExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Technologic Systems is an embedded systems company with headquarters in Fountain Hills, Arizona. They have been in business for 32 years, helping more than 8,000 OEM customers and building over a hundred COTS products that have never been discontinued. Technologic Systems’ pr...
SYS-CON Events announced today that CA Technologies has been named “Platinum Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business – from apparel to energy – is being rewritten by software. From ...
The taxi industry never saw Uber coming. Startups are a threat to incumbents like never before, and a major enabler for startups is that they are instantly “cloud ready.” If innovation moves at the pace of IT, then your company is in trouble. Why? Because your data center will not keep up with frenetic pace AWS, Microsoft and Google are rolling out new capabilities In his session at 20th Cloud Expo, Don Browning, VP of Cloud Architecture at Turner, will posit that disruption is inevitable for c...
SYS-CON Events announced today that Cloudistics, an on-premises cloud computing company, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Cloudistics delivers a complete public cloud experience with composable on-premises infrastructures to medium and large enterprises. Its software-defined technology natively converges network, storage, compute, virtualization, and management into a ...
Deep learning has been very successful in social sciences and specially areas where there is a lot of data. Trading is another field that can be viewed as social science with a lot of data. With the advent of Deep Learning and Big Data technologies for efficient computation, we are finally able to use the same methods in investment management as we would in face recognition or in making chat-bots. In his session at 20th Cloud Expo, Gaurav Chakravorty, co-founder and Head of Strategy Development ...
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor - all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
What if you could build a web application that could support true web-scale traffic without having to ever provision or manage a single server? Sounds magical, and it is! In his session at 20th Cloud Expo, Chris Munns, Senior Developer Advocate for Serverless Applications at Amazon Web Services, will show how to build a serverless website that scales automatically using services like AWS Lambda, Amazon API Gateway, and Amazon S3. We will review several frameworks that can help you build serverle...
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
SYS-CON Events announced today that Loom Systems will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Founded in 2015, Loom Systems delivers an advanced AI solution to predict and prevent problems in the digital business. Loom stands alone in the industry as an AI analysis platform requiring no prior math knowledge from operators, leveraging the existing staff to succeed in the digital era. With offices in S...
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 20th Cloud Expo, which will take place on June 6-8, 2017 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 add...
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
Interoute has announced the integration of its Global Cloud Infrastructure platform with Rancher Labs’ container management platform, Rancher. This approach enables enterprises to accelerate their digital transformation and infrastructure investments. Matthew Finnie, Interoute CTO commented “Enterprises developing and building apps in the cloud and those on a path to Digital Transformation need Digital ICT Infrastructure that allows them to build, test and deploy faster than ever before. The int...
SYS-CON Events announced today that CrowdReviews.com has been named “Media Sponsor” of SYS-CON's 20th International Cloud Expo, which will take place on June 6–8, 2017, at the Javits Center in New York City, NY. CrowdReviews.com is a transparent online platform for determining which products and services are the best based on the opinion of the crowd. The crowd consists of Internet users that have experienced products and services first-hand and have an interest in letting other potential buyers...