Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the CRA.
Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle de l'ARC.
Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the Department.
XXXXXXXXXX 5-921218 Franklyn S. Gillman (613) 957-8953 Attention: XXXXXXXXXX December 10, 1992 Dear Sirs:
Re: XXXXXXXXXX
Approved Research Institute
Paragraph 37(1)(a) of the Income Tax Act (the "Act")
This is following the meeting at our offices attended by XXXXXXXXXX, Frank Gillman and Ray Thompson on December 1, 1992. The matters discussed, relate to your letter dated April 16, 1992 in which you requested that Revenue Canada- Taxation (the "Department") confirm that XXXXXXXXXX will be an "Approved Research Institute" for purposes of Clause 37(1)(a)(ii)(B) of the Act.
XXXXXXXXXX
We are presently reviewing the information you supplied us with in your above mentioned request and meeting. We are also in the process of reviewing our guidelines for "approved status" in the light of changes to the legislation in this area that were effective after December 15, 1987. We will contact you as soon as our review of these matters are complete.
However, we wish to draw your attention to clause 37(1)(a)(ii)(D) of the Act whereunder an entity making payments, to be used for scientific research and experimental development ("SR&ED") to a corporation resident in Canada, will qualify for the SR&ED tax incentives provided for in the Act. The payment must be paid directly to the corporation resident in Canada. No prior approval is necessary, nor can it be obtained from our Department. In order for this requirement to be satisfied, a corporation must simply be resident in Canada.
We trust that these comments will be of assistance.
Yours truly,
for Director
Merchandising Industries,
Partnerships and Trusts Division
Rulings Directorate
All rights reserved. Permission is granted to electronically copy and to print in hard copy for internal use only. No part of this information may be reproduced, modified, transmitted or redistributed in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, or stored in a retrieval system for any purpose other than noted above (including sales), without prior written permission of Canada Revenue Agency, Ottawa, Ontario K1A 0L5
© Her Majesty the Queen in Right of Canada, 1992
Tous droits réservés. Il est permis de copier sous forme électronique ou d'imprimer pour un usage interne seulement. Toutefois, il est interdit de reproduire, de modifier, de transmettre ou de redistributer de l'information, sous quelque forme ou par quelque moyen que ce soit, de facon électronique, méchanique, photocopies ou autre, ou par stockage dans des systèmes d'extraction ou pour tout usage autre que ceux susmentionnés (incluant pour fin commerciale), sans l'autorisation écrite préalable de l'Agence du revenu du Canada, Ottawa, Ontario K1A 0L5.
© Sa Majesté la Reine du Chef du Canada, 1992
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