Revised T661 Form Simplies SR&ED Claims For Small Businesses

It will now be easier for small businesses to file for SR&ED!

In 2007, the Canada Revenue Agency (CRA) consulted with Scientific Research and Experimental Development (SR&ED) claimants, members of the Action Task Force on Small Business Issues, and internal stakeholders. Based on these consultaitons, a new T661 form was devised in order to streamline the SR&ED filing process.

The new T661 was released on November the 10th:

• New T661 Form
• Guidelines for New T661 Form
• Q&A About New T661 Form