CRA extends tax filing deadlines for corporations and trusts to September 1
The Canada Revenue Agency (CRA) has extended two of the tax filing deadlines for corporations and trusts to September 1, due to the COVID-19 pandemic. The agency said it made this decision to ease the impact of the COVID-19 crisis on Canadian businesses and tax preparers. The extensions, which are for the T2 and T3 […]
How the CRA is supporting innovation through SR&ED during COVID-19
In 2019, I wrote an article on how the CRA had become tougher on SR&ED claims despite the declining number of reviews. However, the latest data (obtained via an Access to Information and Privacy request) shows that the CRA has been working hard to support the tech community during the COVID-19 pandemic. 2020 was brutal […]
Tech industry calls on CRA to release funds critical for innovation economy
For its part, the Canada Revenue Agency says ‘non-critical services’ such as the SR&ED program have had to take a backseat while the agency adds capacity for employees to work from home, and while it prioritizes the stimulus put in place by the federal government, such as the Canada Emergency Response Benefit. Adrian Wyld/The Canadian […]
SR&ED payments beginning to flow to Canadian tech following delay caused by COVID-19
Funds from the federal government’s Scientific Research and Experimental Development (SR&ED) tax incentive program that have not been released due to the COVID-19 pandemic are now starting to flow. “It might just buy them enough time for the federal government to get the 75 percent wage subsidy right.” The COVID-19 crisis reportedly delayed nearly $200 […]
