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Knowing the “why” and “how” behind your SR&ED project is key to meeting changing CRA requirements
Getting clear on the Canada Revenue Agency’s (CRA’s) approach to SR&ED eligibility and aligning your project information accordingly doesn’t just save time. It can also help make the process of earning tax credits more efficient and predictable. This year’s policy refresh on SR&ED eligibility doesn't constitute wholesale change - but it does reflect key nuances that anyone working to navigate the program effectively should keep in mind.
This article will cover key considerations, including:
- How the CRS’s approach to evaluating SR&ED eligibility has evolved
- Updates to the language and style of the policy
- The T661 form
- Rethinking SR&ED project descriptions