UPDATE: Alberta SR&ED Changes

By: BeneFACTMarketing in Corporate News, SR&ED

November 30th, 2012

From the Archive: On July 16, 2012 the Alberta Treasury Board and Finance, Tax and Revenue Administration released a special notice regarding changes to the Alberta Scientific Research and Experimental Development (SR&ED) program.

The special notice provides awareness of the expected amendments so that SR&ED claimants can familiarize themselves with the upcoming changes.

The notice touches briefly on changes to the following topics:

For complete details you can find the entire release available at: http://www.finance.alberta.ca/publications/tax_rebates/corporate/corp35.html

ALBERTA SR&ED UPDATE:

On November 2nd, the Alberta Treasury Board and Finance, Tax and Revenue Administration issued a special notice that AT1 Schedule 9 has been revised and a supplemental form introduced; claimants should begin using these forms for all taxation years ending on or before March 31st, 2012. These changes are retroactive to January 1, 2009.

Claimants do not need the supplemental form for taxation years ending after March 31st.

For more information on these changes and to keep up to date on the Adjustments to the SR&ED program in Alberta please read the entire release here.

If you have further questions regarding how these changes will affect your SR&ED Tax Claim, contact a BeneFACT Consultant.