Back in late January, 2013, the CRA announced they would be seeking direct feedback on the proposed Formal Pre-Approval Process (FPAP) for SR&ED. You can read more about the FPAP Pilot Project on our blog.
Although the deadline to be a formal contributor as part of the pilot project has long passed, the CRA is requesting feedback from interested businesses in the form of a web questionnaire. This is the perfect opportunity to have your opinion heard and possibly make a difference to the program. The questionnaire includes 13 questions and 1 section for further comments, and all feedback must be completed by August 1st, 2013.
According to the CRA, the SR&ED Formal Pre-Approval Service is open to businesses that fit the following criteria:
However, no matter your current situation, you are still invited to complete and submit the questionnaire. To read more about the Formal Pre-Approval Service Project or to fill out the questionnaire, visit the CRA website or speak with a BeneFACT Consultant today.