Proposed Decreases to SR&ED Benefits for Contracting Research to Post-Secondary Institutions (posted: Nov. 4, 2012)

By November 5, 2012 No Comments

Further to the proposed changes to SR&ED announced in the 2012 Federal Budget, our interpretation
of Bill C-45 reveals that taxpayers will now be eligible to claim only 80% of their payments to approved
universities, colleges, research institutes, or other similar institutions for conducting research and
development on their behalf. This change was not highlighted at the time of the budget announcement,
and would seem to be counter to the government’s emphasis on increasing collaboration between
industry and academia.

If you would like more detail on the potential impact on your SR&ED claim or on our interpretation of
the legislative changes, please contact your TSGI team or info@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.