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ARTICLE · 04 DECEMBER 2012

Developments: Alberta’s SR&ED Changes Clarified

PwC Management Services LP
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Discussions between PricewaterhouseCoopers LLP (PwC) and Alberta Tax and Revenue Administration (ATRA) officials clarify recent changes to Alberta’s scientific research and experimental development (SR&ED) tax credit.

CanadaTax
Vik Sachdev
Vik Sachdev

Discussions between PricewaterhouseCoopers LLP (PwC) and Alberta Tax and Revenue Administration (ATRA) officials clarify recent changes to Alberta's scientific research and experimental development (SR&ED) tax credit. These changes not only affect future SR&ED claims in Alberta, but also mean that previous SR&ED claims will have to be amended. This could trigger a tax refund or tax liability for previous years.

Background

A welcome proposal in Alberta's February 9, 2012 budget eliminated the SR&ED "grind." Specifically, for taxation years ending after March 31, 2012, taxpayers are no longer required to deduct the federal SR&ED tax credit when calculating Alberta's SR&ED tax credit. Subsequently, Alberta announced in a "Special notice" dated June 2012, that additional technical changes would be effective retroactive to January 1, 2009 (i.e., the start of Alberta's SR&ED program).

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