Canada Revenue Agency Reverses Its Position On Payments To Agencies For SR&ED

Posted in Ernst & Young, Government and Big Brother • Tags: , • Author: HART (1-800-HART)

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Tax Alert from Ernst & Young - February 19, 2007

The business community should be pleased to know that at the January 25, 2007, Association de planification feiscale et financiere (APFF) Scientific Research and Development (SR&ED) Tax Conference, the Canada Revenue Agency (CRA) reversed its previous position that payments made to agencies who loan out their employees or subcontractors (staff loaned) were generall not eligible for SR&ED tax credits under the proxy method.

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Posted on March 1, 2007 by HART (1-800-HART) • What do you think?



3 people thinks stuff!

  1. This applies to companies that hire contractors from a firm or an agency.

    Comment by sred on July 17, 2008 10:57 am

  2. The firm or agency must have a registered GST number, and the “loaned” contractors must still conduct their work within the geographical bounds of Canada, to qualify.

    Comment by sred on July 17, 2008 10:59 am

  3. Thanks for pointing that out..

    Comment by HART (1-800-HART) on July 17, 2008 12:32 pm

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