As part of the CRA’s SR&ED Policy Review Project, stakeholders were asked to comment on the CRA’s “SR&ED Assistance and Contract Payments Policy (Draft) Paper”. 

KPMG LLP’s (Canada) response to this draft policy paper outlines the firm’s views and recommendations for this part of the SR&ED Policy Review Project. Our comments are not exhaustive — we have highlighted selected areas of the draft paper that we believe may benefit the most from being revised.

This document specifically addresses the “SR&ED Assistance and Contract Payments Policy (Draft) Paper” and is organized to address the six questions that the CRA has outlined in its process document, namely: 

  1. Is the language easy to understand?
  2. Is the information well organized?
  3. Are there any gaps or omissions in the information?
  4. Is there any information that is not necessary?
  5. What are the best features of the document?
  6. Do you have any other comments or suggestions to improve the document? 

For ease of reference, the CRA’s draft policy paper is reproduced in the appendix. 

We support the CRA’s initiative and welcome the opportunity to participate in the consultations.

Access the recommendations here.

About KPMG LLP 

KPMG LLP, the audit, tax and advisory firm (kpmg.ca), a Canadian limited liability partnership established under the laws of Ontario, is the Canadian member firm of KPMG International Cooperative (“KPMG International”). KPMG International’s member firms have 140,000 professionals, including more than 7,900 partners, in 146 countries.

The independent member firms of the KPMG network are affiliated with KPMG International, a Swiss entity. Each KPMG firm is a legally distinct and separate entity, and describes itself as such.

KPMG’s Canadian Web site is located at http://www.kpmg.ca/ 

© 2011 KPMG LLP, a Canadian limited liability partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.