SR&ED refund from previous year: where to recognize it?

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!