Who did it? For how much?

Written by Raj Phalpher.

Scientific Research and Experimental Development (SR&ED) Expenditures Claim Form T661 has been revised to include a new section: Part 9 – Claim preparer information.  This section requires the following information:

    • Name of claim preparer;
    • Claim preparer business number;
    • Billing arrangement and rate: contingency percentage, hourly/daily rate, flat fee or other billing arrangements, e.g. shares in the corporation
    • Total fee paid, payable or expected to be paid.

If any of the information in Part 9 is missing, incomplete, or inaccurate, a $1,000 penalty may be applied.   The claim preparer(s) and the claimant will both be liable if any of the information is missing, incomplete, or inaccurate.  If a claim preparer has concerns about the confidentiality of the information requested in Part 9 of Form T661 (13), Part 9 can be filed separately. CRA provides detailed process for filing separately at http://www.cra-arc.gc.ca/txcrdt/sred-rsde/whtsnw/msg-t661-fmfp9-eng.html

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