Easy Way Cattle Oilers – Tax Court of Canada finds that failure to timely file a Schedule 31 eliminated the taxpayer’s SR&ED credits

D'Arcy J found that the taxpayer’s late-filing (by six weeks) of Schedule 31 meant that its SR&ED credits for the year in issue were properly denied – even though the information needed to calculate the credits was in its return and on Form 661, which it had filed on a timely basis.

Neal Armstrong.  Summary of Easy Way Cattle Oilers Ltd. v. The Queen, 2015 TCC 211, under s. 127(9) – investment tax credit – (m).