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Jan 20, 2018 4:01 pm
Dear Allan,
Great site!
I have filed an SR&ED claim for the previous year. As a result, the expected amount did not show up on my T2 as a refund for that year. How do I deal with the current year's return?
(1) Do I simply recognize the amount as an increase in the "Deposit in Canadian banks... (1002)" asset?
(2) I assume there are no tax consequences for the year when I receive the refund -- please confirm?
Thanks!