The Government of Canada tasked the Canada Revenue Agency (CRA) with improving the administration of the Scientific Research & Experimental Development (SR&ED) program. Accordingly, the CRA implemented an SR&ED Policy Review Project, which has now been completed. The new, consolidated SR&ED policy documents were released on December 19, 2012.
The objectives of the SR&ED Policy Review Project were to consolidate and clarify the SR&ED policy and related guidance documents current at that time, as well as to present the information in a user‑friendly way on the CRA Web site.
The consolidated policy documents came into effect immediately upon their release. Raymond Chabot Grant Thornton’s SR&ED team will review these documents in-depth over the coming weeks.