Your documentation
The information you submit to CRA must be specific to the project or process
you are claiming for and not part of other ongoing projects. Focus should be on the development of the project including any and all
steps and experimentation performed.
It is understood that first time claimants may not have
ideal documentation. CRA will likely forgive this on the first claim but subsequent claims will require quality and well-planned documentation.
It is best to document your project from the earliest conception and include any discussion or brainstorming sessions. However, if you
currently are developing a project or process, Tax Refunds Canada can assist in tracing and creating a document trail.
Audits
SR&ED auditors have a mandate to examine only the expenses specific to your R&D claim. There will not be a general audit
of your company.
There is also the chances of a technical audit from a science reviewer who will ask you to explain some technical points within your submission.
Refunds
Historically, Tax Refunds Canada’s clients average between $20,000.00 - $500,000.00 with over 95% receiving refunds over $80,000 per
year.
The claim is considered income in the year it is received and is taxable at the small business rate or lower.
Find out if your project might qualify to recieve the SR&ED tax refund
Revised:
November 30, 2009
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Our assistance
Tax Refunds Canada located in Toronto, Ontario, Canada, with another office in Vancouver, BC, and specializes in the SR&ED
claims. They comprise 100% of our business. We
use specialists in financial and technical fields to help you prepare a comprehensive claim that will meet the requirements of the SR&ED
program.
Tax Refunds Canada will follow and assist each step of the claim for you. This includes dealing with the SR&ED financial
and technical reviewers as well as any communication with CCRA.
Find out more how Tax Refunds Canada can help you
Contact the Tax Refunds Canada company
for a FREE no-obligation consultation.
Tax Refunds Canada - SR&ED Consultants
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TORONTO Office:
411 Confederation Parkway, Unit #12
Concord, Ontario
L4K 0A8, Canada
Phone: (416) 548-8626
Fax: 1 (866) 359-2620
Email: info@tripol.ca
VANCOUVER Office:
9912 Lougheed Highway
Burnaby, BC
V3J 1N3, Canada
Phone: (778) 370-4080
Fax: 1 (866) 272-1318
Email: info@tripol.ca
MONTREAL Office:
1000 de La Gauchetiere Street West, 24th Floor
Montreal, QC
H3B 4W5, Canada
Phone: (514) 316-3197
Fax: 1 (866) 359-2620
Email: info@tripol.ca
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