CATA’s position regarding Scientific Research and Experimental Development (SR&ED) Tax Incentive Program on Contingency Fees
October 4, 2012

Russ Roberts, our Senior Vice President, Tax, Finance and Advocacy submitted CATA’s position regarding Scientific Research and Experimental Development (SR&ED) Tax Incentive Program on Contingency Fees.

In his letter (email jreid@cata.ca for a copy) which raises issues and concerns to Geoff Trueman, Director, Business Income Tax, Finance Canada, with copy to Sue Betts, Director General, Scientific Research and Experimental Development Directorate, CRA, we note that:

"In response to the announcement of the consultations, CATA undertook discussions of the pros and cons of contingency relationships with interested individuals and in our Linked In SR&ED Group. We believe that it is important you hear directly from these parties why the contingency relationships are critical to the success of the SR&ED program. Their examples are very telling. As a result, we have encouraged all in the CATA SR&ED family to provide their input directly to you…”

++ Action Item: Dr. Roberts is addressing multiple SR&ED/Innovation issues and would welcome any feedback and/or direction from members. His email address is: roberts-bishop@sympatico.ca

He is also completing several videos explaining some of the areas of changes within SR&ED as part of educating the community to best practices.