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Canada Revenue Agency continues to accept SR&ED claims with Part 2s of Form T661 for only the 20 largest SR&ED projects
Since the November 2008 launch of Form T661, Scientific Research and Experimental Development (SR&ED) Expenditures Claim, claimants with more than 20 SR&ED projects have requested more time to adapt to the new requirement for submitting Part 2s of Form T661 for all projects claimed. To address this concern, the Canada Revenue Agency (CRA) will continue to accept claims with Part 2s of Form T661 for only the 20 largest SR&ED projects, in dollar value, until further notice.
The CRA would like to remind all claimants of the importance of maintaining complete Part 2s of Form T661 for all projects claimed, and not only for the 20 largest projects. Upon request, claimants should be prepared to submit to the CRA a complete Part 2 of Form T661 for any, or all, of the projects claimed. Failure to provide this information will result in the disallowance of the expenditures claimed for the project as SR&ED expenditures.
We have updated the Application Policy SR&ED 2004-02R4, Filing Requirements for Claiming SR&ED, accordingly. The table below summarizes the revised requirements.
| If my tax year ends in 2008 or earlier: |
If my tax year ends in 2009 or later: |
|
|---|---|---|
| Which version of Form T661 can I use? | Form T661 (07) or Form T661(08) |
Form T661(08) |
| Which format can I use to file my project information? | See Transitional Measures for Filing the Simplified SR&ED Claim Form T661 - Q.3 | Form T661(08) Part 2 |
| If I have more than 20 projects, how many Part 2s must I submit to the CRA? | One for each of the 20 largest projects in dollar value | One for each of the 20 largest projects in dollar value |
