Throughout the years we have helped a variety of taxpayers with their Scientific Research and Experimental Development (SR&ED) technical narratives. We have noticed common mistakes claimants, especially new claimants, make in their narratives. This post will explain some of those mistakes and provide guidance on ways to avoid making the Read more…
The technical narrative section of an SR&ED claim is the most important part. This shows the entire scope of your development and experimentation process. Technical narratives may take some time, however, crafting them well will make it easier for you to refine to the most important details, experimental analysis, uncertainties, Read more…
How to effectively communicate with the CRA In SR&ED project eligibility, the most important aspect is how the project has advanced technology or scientific knowledge. This often seems counter to a company’s instinct to sell its products or ideas. SR&ED Project Eligibility What does it mean for a company’s products? Read more…
When applying for tax credits through the Scientific Research and Experimental Development (SR&ED) incentive program, the first hurdle which all projects face is that of determining eligibility. The confusion often faced over whether or not your work qualifies for SR&ED hasn’t been helped by recent changes in the Canada Revenue Read more…
Overstating an SR&ED claim may cause you to lose more than your tax refund. In the first part of this article, we examined changing attitudes within the Canada Revenue Agency in response to exaggerated or falsified Scientific Research & Experimental Development (SR&ED) claims. We also briefly outlined possible scenarios when filing a claim. In part Read more…