Scientific Research & Experimental Development Tax Incentive
SR&ED Program
Our Services:
Our SR&ED Team begins with us putting your company’s success a priority of ours. We take the time to learn about your business, key drivers, and key individuals and how things work best for you. We then use this knowledge to establish a foundation and grow from there. In order for us to prepare a strong SR&ED Claim, we must understand how your business works and develop a SR&ED claim driven by the functions and actions of your business. From this knowledge we gain a better understanding of what SR&ED projects exist and what should be claimed. We also identify any weaknesses in your documentation per our information gathering process that can be strengthened.
SR&ED Claim Process
Identifying qualifying activities and expenditures
We can assist you with improving project identification methodologies – our team will work with you to train your team on implementing project identification strategies and documentation requirements.
Preparing claims – our team can assist you with all of your SR&ED considerations
Some examples of this support include:
- Assistance with gathering required information to support the SR&ED claim and develop the framework for the projects being claimed
- Development of accurate project descriptions
- Review of your own taxpayer prepared SR&ED claim and provide feedback
- Assistance with filing your SR&ED claim and amend previous tax filings if required
CRA compliance
- Assist with gathering the required information to support the SR&ED claim and develop the framework for the projects being claimed
- Help negotiate and resolve disputes with CRA
- CRA uses their “Five Questions” to determine the SR&ED eligibility. The Five Questions are:
- Was there a scientific or technological uncertainty?
- Identify the effort involve formulating hypotheses specifically aimed at reducing or eliminating that uncertainty?
- Was the overall approach adopted consistent with a systematic investigation or search, including formulating and testing the hypotheses by means of experiment or analysis?
- Was the overall approach undertaken for the purpose of achieving a scientific or technological advancement?
- Was a record of the hypotheses tested and the results kept as the work progressed?
SR&ED Benefits
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