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July 2013

Changes to Alberta’s SR&ED Prescribed Proxy Amounts (Posted May 30, 2013)

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As has been speculated over the past several months, the Alberta Tax and Revenue Association (TRA) has gone forward with an erosion of the provincial SR&ED proxy amounts, parallel to the Federal proxy reduction:

  • 65% on salaries associated with SR&ED work done prior to 2013;
  • 60% on salaries associated with SR&ED work done January 1, 2013 – December 31, 2013;
  • 55% on salaries associated with SR&ED work done after 2013

 

Bill 23 received Royal Assent May 27, 2013, but the changes to the proxy amounts (Section 26.6) are retroactive to January 1, 2013.

For further information, please contact TSGI-Chartered Accountants:
Graham Smith
403-451-3376
Graham.Smith@tsgi.ca
 
 
Note: TSGI does not maintain this news article after its initial posting. Readers are further advised that the information presented here may not be sufficient for unassisted tax planning. Please contact a TSGI representative if you require clarification or other assistance regarding this topic.