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Get Canada T661 2015
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How to fill out the Canada T661 online
The Canada T661 form is essential for providing technical information and calculating expenditures related to scientific research and experimental development (SR&ED) claims. This guide will help you navigate each section of the form effectively and efficiently.
Follow the steps to complete your Canada T661 form online.
- Press the ‘Get Form’ button to access the Canada T661 form and open it in your preferred document editor.
- In Part 1, enter the general information. Fill in your name as the claimant, business number, tax year, and contact details. For partnerships, specify if Form T5013 was filed.
- In Part 2, provide project information. Complete separate sections for each project. Include the project title, start date, and completion date. Specify if any work was done jointly with other businesses.
- Detail the uncertainties you attempted to overcome within the scientific or technological context of the project in Section B. Outline your investigation and any advancements achieved.
- In Part 3, select the method for calculating SR&ED expenditures. Choose between the proxy method and traditional method, then calculate the allowable expenditures according to the selected method.
- Complete Part 4 to calculate qualified SR&ED expenditures for investment tax credit purposes, detailing both current and capital expenditures supported by previous years' amounts if applicable.
- If you are using the proxy method, calculate the prescribed proxy amount in Part 5. Ensure you fill in the necessary salary base and apply the relevant deductions.
- Summarize project costs in Part 6, ensuring all expenditures are accurately attributed to their respective projects.
- In Part 7, provide additional information regarding the funding sources for your SR&ED projects and indicate the type of research or development conducted.
- Wrap up by completing the claim checklist in Part 8 to verify that all necessary steps and attachments are accounted for. Certify the form with the necessary signatures in Part 9 and Part 10.
- Finally, save changes made to the form. You can then download, print, or share the completed document as required.
Start completing your Canada T661 online today to ensure you maximize your eligible SR&ED claims.
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When returning to Canada, you typically need to complete a declaration form, along with any customs documentation required. Depending on your situation, you might also have to provide biometrics once again, especially if specified in the Canada T661 instructions. Make sure to have all necessary documents ready to ensure a smooth re-entry process into the country.
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