Canada Revenue Agency announces Formal Pre- Approval Process pilot project for SR&ED claims [TAX ALERT]
February 20, 2013In Canada’s federal government’s Economic Action Plan released with the federal budget in March 2012, a number of measures were announced to streamline and improve the scientific research and experimental development (SR&ED) tax incentive program.
These measures included the following:
- Simplifying the tax credit base
- Increasing cost effectiveness
- Enhancing predictability
- A consultation on the impact of contingency fees
Further details are available from the Ernst & Young Tax Alert which can be accessed using the link below:
Questions or comments? Contact T Magazine and Ernst & Young
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