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Do you know the R&D tax credit ?Do you know the R&D tax credit ?

Test your knowledge of the R&D tax credit

Interpretation2Apr2019

SR&ED : Test your knowledge (3)

The R&D tax credit is among the most complex programs offered by the CRA. Recent evolution attempts by the CRA produced an even deeper cloud of smoke around many issues.

How deep is your knowledge of the SR&ED ?

We recently published similar tests here and here. So here is an other one for all of you, experts.

Don’t take our word for it. Find out if you’re a novice or an expert by testing your knowledge with this 10 Question true or false quiz:

  1. R&D that does not lead to a viable product cannot qualify for the credit.
  2. Temporary or Leased employees are excluded from the research credit.
  3. Fine tuning activities qualify as SR&ED.
  4. It is no longer possible to claim SR&ED activities in mechanical engineering, every mechanical laws and principles have been established, all development activities only serve to demonstrate what is already proven.
  5. There is a good potential to claim activities when the results of our experiments ends up as a patent application.
  6. If you test for an hypothesis and it works the first time, this activity is claimable as SR&ED.
  7. End-User documentation is a claimable activity.
  8. Verbal testimony is sufficient to convince the RTA (Research and Technology Advisors from the Canada Revenue Agency (CRA)) of our project’s eligibility.
  9. The SR&ED begins when you start testing the technology limits.
  10. Research temporarily conducted outside Canada can be qualified research if performed by a Canadian employee as part of a Canadian SR&ED project.

Do you have a comment or suggestion about this quiz? Would you like to share your results with us? We want news from you! Please leave a comment below.

Did you like reading this ? Tell us so. What should be added ? What are you interested into ? You did not like reading this ? Tell us so. What is it that you disliked ?

Answers 1: F 2: F 3: F 4: F 5: T 6: F 7: F 8: F 9: F 10: T

6/10 is a bare minimum, you are excellent if you had 9 or 10/10

 

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  3. How to benefit SR&ED as a foreign company?
  4. 5 Questions for SR&ED

President, R&D Action. ------ Notre équipe est formée de spécialistes fiscaux, scientifiques et techniques qui comprennent les nuances du programme et de votre R & D. Nous travaillons avec votre équipe pour identifier et définir les projets éligibles de RS & DE, pour préparer un dossier clair et précis et pour le défendre, le cas échéant. ------------------------------------------------------ Our team is made up of tax, scientific and technical specialists who understand the nuances of the program and your R & D.. We work with your team to identify and define eligible SR & ED projects, to prepare a clear and accurate record and to defend it, when necessary.