February 6, 2014 - Ottawa, Ontario - Canada Revenue Agency
The Canada Revenue Agency (CRA) is enhancing the Scientific Research and Experimental Development (SR&ED) Program with the launch of the Self-Assessment Learning Tool (SALT) and the First-Time Claimant Advisory Service (FTCAS).
As part of Red Tape Reduction Commission (RTRC) consultations, stakeholders have asked the CRA to improve SR&ED services. Economic Action Plans 2012 and 2013 announced several measures to enhance the predictability of claimants receiving the SR&ED tax incentives and the fiscal integrity of the program. As part of these measures, the CRA is pleased to announce the official launch of SALT and FTCAS.
SALT is an online tool that helps businesses conducting research and development to find out if they may be eligible to receive SR&ED tax incentives. Through specific questions, answers, and examples, SALT helps business owners understand the SR&ED program’s eligibility requirements and offers information and tips to help them prepare their SR&ED claims.
FTCAS is a free, in-person service for first-time SR&ED claimants. Local CRA staff with extensive knowledge of the SR&ED program will meet with first-time claimants, at their place of business, to help them get a better understanding of the SR&ED program, and provide them with tailored information for their business on work that may be eligible, as well as expenditures and documentation requirements.
The goal of these new initiatives is to help SR&ED claimants more easily access the SR&ED program and benefit from the incentives it offers. Well-informed claimants will be better equipped to avoid future complications when making a claim, thereby reducing the administrative burden and processing delays while increasing the chances of a successful claim if requirements are met. Through these initiatives, the CRA continues to reduce the administrative burden for small and medium sized businesses in Canada, leaving them more time to create jobs and grow Canada’s economy.
Noël Carisse
Media Relations
Canada Revenue Agency
613-952-9184
