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August 23, 2013

The Value of Boutique SR&ED Firms

With more information becoming readily available about the SR&ED tax credit program, the more SR&ED professionals we see entering the community. While choice can be a good thing when it comes to deciding on a SR&ED consultant, it is neither an easy decision nor one that should be made lightly. There are really 3 choices to make when Read more…

August 19, 2013

Your Business Qualifies: SR&ED Tax Credit for Tool & Die

In a more traditional environment, like a scientific lab, deciphering what is SR&ED eligible is a fairly simple process. Where things get a bit trickier is in the more alternative-type industries where SR&ED could be hidden. It may take someone with a discerning eye and lots of SR&ED tax credit experience to know where to Read more…

August 14, 2013

Common CRA SR&ED Terms Decoded

When dealing with the CRA or a scientific research and experimental development tax consultant, CRA SR&ED terms tend to be tossed around a fair amount. Sometimes it feels like there’s a secret code! You don’t necessarily need to know every piece of jargon in the industry (that would be a very long post), but we’ve Read more…

August 7, 2013

How to Choose a SR&ED Consultant – Part 2

In our first installment of “How to Choose a SR&ED Consultant“, we discussed the importance of industry experience and added bonuses like a software tracking system when deciding with which Canadian SR&ED consulting firm to work. We’ve put together a few more points to consider that may hopefully make the decision a bit easier. Trust Your SR&ED Consultant Read more…

August 2, 2013

Tips for Faster SR&ED Claim Submissions

When it comes to your SR&ED claim submission, it’s best to have all your ducks in a row.  Last month, we discussed the release of the CRA SR&ED Service Standards Results. Since then, the CRA has released updated service standard results; those from April 1st until June 30th. The new set of results was roughly the Read more…

July 31, 2013

How to Choose a SR&ED Consultant

You’ve finally decided to look a little more deeply into the Scientific Research and Experimental Development tax credit program. It can’t be that hard to find a good SR&ED consultant, right? Not necessarily. With the growing popularity and better public knowledge of the SR&ED program, more Canadian SR&ED (SRED) firms are popping up. Unfortunately, not Read more…

July 23, 2013

Tips for a Smoother SR&ED Tax Claim Experience – Part 2

Have you had a bad SR&ED tax claim experience in the past? Unfortunately, one bad SR&ED experience can cause a complete loss of faith in the program and stop companies from claiming in future years. That’s a lot of unclaimed extra funds! Luckily, there are steps you can take to make the claim process a Read more…

July 19, 2013

Tips for a Smoother SR&ED Tax Claim Experience

Have you had a bad SR&ED tax claim experience in the past? Unfortunately, one bad SR&ED experience can cause a complete loss of faith in the program and stop companies from claiming in future years. That’s a lot of unclaimed extra funds! Luckily, there are steps you can take to make your claim experience a Read more…

July 2, 2013

CRA Looking for More Contributions to the SR&ED Formal Pre-Approval Service Pilot Program

Back in late January, 2013, the CRA announced they would be seeking direct feedback on the proposed Formal Pre-Approval Process (FPAP) for SR&ED. You can read more about the FPAP Pilot Project on our blog. SR&ED Formal Pre-Approval Service Feedback Although the deadline to be a formal contributor as part of the pilot project has Read more…

June 14, 2013

CRA Releases SR&ED Service Standards Results

In an effort to remain as transparent as possible, the CRA complies with a “standard of service” in regard to the SR&ED tax program, committing to attain these standards 90% of the time. The CRA standards of service for delivering tax credits in a timely way are outlined in the results as follows: Refundable claims: Read more…

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