Introduction to SR&ED Complexities – By Dawn Loeffler

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Dawn Loeffler, BA (Hons), CPA, CA Staff Accountant, Gilmour Knotts
Dawn Loeffler, BA (Hons), CPA, CA Staff Accountant, Gilmour Knotts
Dawn Loeffler, BA (Hons), CPA, CA
Staff Accountant, Gilmour Knotts

Tax FAQs

What are some of the complexities of a Scientific Research & Experimental Development claim are? Read on…

Facts:

Scientific Research & Experimental Development (SR&ED) claims are an excellent way for companies performing Research & Development (R&D) in Canada to receive tax credit incentives from the Canadian government. To keep the integrity of the program, Canada Revenue Agency (CRA) is increasing its focus on complicated aspects of the claim.

Discussion:

In this series, we will discuss some of the more complicated aspects of a SR&ED claim and discuss things to watch for in these areas.

  • Traditional versus Proxy Method: What is the difference between filing using the traditional or proxy method?
  • The Look Through Rule: How does this rule apply to SR&ED claims and work performed outside of Canada?
  • Specified Employees: Who is a specified employee and are there limits on their salaries claimed?
  • Multi-Corporation Claims: What if the SR&ED project involved staff and other resources from multiple companies?

Dawn Loeffler, BA (Hons), CPA, CA
Staff Accountant, Gilmour Knotts
Chartered Accountant.
Email: faqs@gilmour.ca
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