The SR&ED tax credit program is the largest single source of R&D funding in Canada: over $3 billion in tax incentives are distributed annually.1 If you choose to access this program, it’s helpful to understand how applications are processed. What actually happens when an SR&ED claim is received by the Read more…
Previously, we discussed the rights and responsibilities of the Claimant and CRA staff, and identified three key resources for review. In this post, we discuss three steps that can be taken at your local SR&ED office to help resolve an assessment of “ineligible”. Resolving Issues at the Local Tax Services Offices: Read more…
Before disputing the CRA, be sure you understand the fundamentals of the SR&ED audit process. Often an SR&ED review leads to an assessment of “ineligible” and the company feels – rightly or wrongly – that this is incorrect. In a three-part series of posts, we’re empowering taxpayers to take control Read more…
Know your rights regarding reviews and don’t get caught out. Anytime an SR&ED review occurs, it can be quite frustrating – particularly when what is said in person and what arrives in the final report differs significantly. We have written about the journey an SR&ED tax credit claim takes from Read more…
At SREDucation, we’re taking the time to document all of the changes that have occurred to the SR&ED program over the years. In our “From the Archives” series, you’ll be able to see how the program has evolved since it’s inception in 1986. For a timeline of these events, check Read more…