SR&ED Audit Review Tips

Claimants for Scientific Research and Experimental Development (SR&ED) tax credits must always keep in mind that their claim may be subject to an audit or review by the Canada Revenue Agency (CRA). Having everything prepared for a SR&ED audit or… Read more »

New SR&ED Videos

Canada Revenue Agency (CRA) has released a series of new educational videos about the SR&ED program.  The videos cover topics including: who can claim SR&ED tax incentives, what work qualifies for SR&ED, how to calculate SR&ED expenditures and investment tax… Read more »

Start-Up Companies and Government Funding

Start-up companies are a popular topic of conversation these days, especially in Southwestern Ontario. There are many resources for these new companies including government funding and tax credit programs. It is critical that these companies are made aware of programs… Read more »

SR&ED versus IRAP

Scientific Research and Experimental Development (SR&ED) and the Industrial Research Assistance Program (IRAP) are two of the largest government incentive programs in Canada.  The chart below details some of the major differences between the 2 programs. Criteria Scientific Research and… Read more »

The New Claim Review Manual

Along with the other changes that the CRA has been implementing over the past couple years, the Claim Review Manual has been updated. This is the manual that tells the CRA reviewers what processes they need to follow when reviewing… Read more »

Different types of CRA Reviews

After you’ve filed your SR&ED claim, there is a bit of a waiting period before you will hear back from the CRA. When that waiting period is done, one of two things may happen – you may hear that your… Read more »

CRA Reviews: Ensuring Claim Approval

In 2008, quite a number of changes took place regarding the SR&ED program.  For one, the CRA hired a slew of auditors for SR&ED, increasing the likelihood that a technical and financial reviews will take place, no matter how solid… Read more »