22 December 2009 Internal T.I. 2009-0343331I7 F - Determination of CCPC Status -- summary under Subsection 220(2.2)

A Quebec corporation initially filed on the basis that it was not a Canadian –controlled private corporation, and the sought to amend its SR&ED credit claims on the basis that it so qualified and, thus, was eligible for the additional refundable credit of 15%. The Directorate indicated that the enactment of s. 220(2.2) would prevent CRA from accepting late claims (i.e., more than one year after the filing due date for the year in question) to this effect.