CRA accepts claims with 20 largest SR&ED projects for an additional year

Since the November 2008 launch of Form T661(08), Scientific Research and Experimental Development (SR&ED) Expenditures Claim, the CRA has consulted widely with SR&ED claimants and stakeholders. The vast majority of claimants are pleased with the new form. However, claimants with more than 20 projects have requested more time to adapt to the new requirement of submitting all projects claimed.

In response, the CRA is extending the time to adapt to this new requirement.

Effective immediately, claimants can continue to provide a separate Part 2 of Form T661 for only the 20 largest projects in dollar value for tax years ending before 2010.

For tax years ending in 2010 or later, claimants must file Part 2 of Form T661(08) for all projects claimed.

For details, refer to the detailed version of this document.