SR&ED Guide: Tips to Fill Out Form T661
To claim tax credits and get a refund by the SR&ED program, the first step is to fill out the forms that CRA requires. CRA determines the eligibility of the SR&ED project based on the information provided on the documents...
3 Industries with the Most Applications for SR&ED
Every five years, the Canada Revenue Agency (CRA) will summarize the previous situation of the Scientific Research and Experimental Development (SR&ED) projects. Since the 2016-2021 report has not been released yet, let us first review the 2011-2015 situation. According to...
Distinguish Company Project and SR&ED Project: Avoid Confusion
When companies apply for the Scientific Research and Experimental Development (SR&ED) – one of Canada’s largest tax incentive programs, one of the most challenging issues they face is distinguishing between a company project and a SR&ED project. What’s the difference...
SR&ED vs IRAP – Which One to Claim? The Most Detail Comparison Tables
Innovation has always been a priority for the Canadian Government. There are plenty of programs related to research and development (R&D) offered to help Canadian-based companies. The two most popular tax incentive programs are the Scientific Research and Experimental Development...
Eligible Expenses for SR&ED: What Can be Claimed?
SR&ED Qualifications If your research and development (R&D) project covers either of the following three categories: Basic Research Applied Research Experimental Development Then congratulations! You are eligible to apply for SR&ED (Scientific Research and Experimental Development). However, there is one...
5 Common Misconceptions about SR&ED
Once corporations in Canada decide to apply for SR&ED tax incentive program, they need to make sure their claims have been done correctly. However, the application process for SR&ED can be a bit complicated, which is the reason why there...
SR&ED Documentations You Need to Prepare for Successful SR&ED Application
If your project seems to qualify for SR&ED (scientific research and experimental development), the next step is to prepare a proper application. This process may not be as easy as you thought because you have to show that your project...
Everything about FTCAS – First Time Claimant Advisory Service for SR&ED Application
Imagine you are applying for the SR&ED program for the first time. After a few months, you receive an invitation to a service called FTCAS, and the reviewers from the CRA want to talk with you and your company about...
Do I Need Someone to Help with my SR&ED?
The Scientific Research and Experimental Development (SR&ED) program is a tax incentive program offered by the Canadian Government and the Canada Revenue Agency (CRA). It is designed to generously support businesses that invest in research and development. However, a great number of...
