As of June 27, 2006 the federal government announced it has put more on the case! The case of course is the SR&ED Tax Credit Program. Federal Budget Commitments have increased funding for the programs capacity and level of service to claimants. This is good news for claimants and consultants alike. There have been calls for changes to the overall program for a while now. The CRA admittedly by its’ actions have not done a great job in publicizing the program to Canadian business. Since the fall of 2007 they have been working on an action plan to make the SR&ED program more effective. The 3 big areas they targeted are a simplified guide and claim form, development of a self–assessment for eligibility and a review of policies and procedures. The goal is to improve consistency and predictability and quality of the claims process. This announcement is to follow up the changes to the SRED Program 2007-2008 from the beginning of the year. To see the status of the Small Business Action Plan go to http://www.cra-arc.gc.ca/taxcredit/sred/whatsnew-e.html
