SR&ED

SR&ED Filing Deadline

Published by George on November 17, 2024

The SR&ED claim must be filed no later than 18 months after the end of the tax year in which the SR&ED work was performed.SR&ED deadline examplesExample 1 - Corporation:Company fiscal year end: December 31, 2023SR&ED filin... Read More

Concepts and Strategy for an SR&ED Practitioner

Published by George on November 13, 2024

Concepts and Strategy for an SR&ED Practitioner: A Guide to Canada's Research & Development ProgramThis comprehensive tutorial serves as a primer to the Canada Revenue Agency's (CRA) Scientific Research and Experimental Development (SR&ED) program and its filin... Read More

What to expect from First-Time Claimant Advisory Service?

Published by George on November 13, 2024

First-time claimant advisory service (FTCAS) is a free, mandatory service provided by the Canada Revenue Agency (CRA) for companies filing their first SR&ED tax credit claim. Here are the key aspects:The claim is pre-approved before the FTCAS meet... Read More

Refundable and Non-Refundable SR&ED Tax Credits

Published by George on November 12, 2024

SR&ED Program OverviewThe Scientific Research and Experimental Development (SR&ED) program is a Canadian government initiative designed to encourage businesses to conduct research and development in Canada. By providing tax incentives, such as refundable and non-refundable... Read More

SR&ED Field of Science Codes

Published by George on November 11, 2024

What are SR&ED Field of Science Codes?SR&ED Field of Science Codes are specific classifications assigned to various areas of research and development activities. These codes serve to establish the type of research work that is being carried out, ensuring that it align... Read More