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

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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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sred says:

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

sred says:

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.

Thanks for pointing that out..

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