Revision to Scientific Research and Experimental Development Claim Form and Guide: Deloitte Tax Highlight

Oct 14, 2010 | Corporate Member News

The Canada Revenue Agency (CRA) recently announced that it will revise the November 2008 version of Form T661, Scientific Research and Experimental Development (SR&ED) Expenditures Claim, as well as the T4088, Guide to Form T661. This revision follows recent consultations with SR&ED claimants and stakeholders across the country and will take effect in April 2011.

The CRA has indefinitely extended the transitional measure that allowed claimants to submit project information in Part 2 of the form for only the 20 largest projects in dollar value. A new table (Part 6) has been added to gather cost information for all the claimed projects (this information is currently requested in Part 2 Section E of the form).

The new form will be mandatory for claims filed after July 31, 2011. In the event a claim is submitted after July 31, 2011 using the old version, the CRA will request the missing information. If the claimant does not respond to the request within the specified time given, the expenditures associated with the missing information (i.e. expenditures associated to projects with a missing cost summary) may not be allowed due to insufficient information.

Readers interested in reviewing the other changes introduced by the CRA earlier this year may consult Deloitte’s R&D Tax Update dated June 11, 2010. 

This publication is produced by Deloitte & Touche LLP as an information service to clients and friends of the firm, and is not intended to substitute for competent professional advice. No action should be initiated without consulting your professional advisors. Your use of this document is at your own risk. 

© Deloitte & Touche LLP and affiliated entities.
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Deloitte, one of Canada’s leading professional services firms, provides audit, tax, consulting, and financial advisory services through more than 7,700 people in 58 offices. Deloitte operates in Québec as Samson Bélair/Deloitte & Touche s.e.n.c.r.l. Deloitte & Touche LLP, an Ontario Limited Liability Partnership, is the Canadian member firm of Deloitte Touche Tohmatsu.

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