Things to look out for when completing the T661 form for SR&ED: If you have used a third-party claim preparer to help file your SR&ED claim, ensure you provide all the information that is requested. There is substantial paperwork to prepare when filing your taxes, including the forms required to Read more…
Properly tracking time spent by employees on SR&ED and non-SR&ED work is essential for any successful SR&ED claim; however, what method is most successful for time tracking? Ensuring your SR&ED claim is supported by contemporaneous documentation is crucial to whether it is filed as accepted, reviewed or denied. Keeping up with Read more…
Technology-based companies may have a hard time discerning between their technology and the knowledge base that enables their technology – after all, a company’s knowledge base is technical in nature. However, a business needs to distinguish between the functionality of an innovation (what it does) as opposed to the knowledge Read more…
Is email or fax safer when it comes to submitting documents to the CRA? While the CRA has embraced the electronic filing of taxes, there is a reluctance to adopt email as a way of providing supplemental information. Why the CRA does not allow documents to be sent by email Read more…
If you are filing a claim for the SR&ED tax credit your applicable research will be based on a sound hypothesis. However, how do you come up with a hypothesis for SR&ED? This article will provide advice on developing a good hypothesis that will pass CRA scrutiny. If you are Read more…