Company Address
125 Janesville Road
Thornhill, Ontario
Canada, L4J 7A4
Phone, Fax, Email
Ph: 905.886.4187
Toll Free: 1.877.287.4187
Fx: .905.881.7304
info@ctsassociates.com
Expense Reductions
We analyze your expenses to determine overpayments.
Fast Track to Recovery
Contact Us (Email, Mail, Phone/Fax) and tell
us very briefly the industry in which you are in and we will give you
a perspective as to the types of recovery opportunities you could possibly
expect.
SR&ED
- Frequently Asked Questions
How do we know if we have SR&ED?
If you have come up with a new concept, worked on a new project or made some innovative development you may have incurred SR&ED expenses. Contact us and we can provide advice on whether you have in fact performed SR&ED. No obligation of course.
We have never claimed anything like this before? Is it complicated.?
We have an excellent track record with first time claimants as well as with serial claimants. As a matter of fact CRA is more lenient with first time claimants. We prepare the claims for you and liaise with the Government representatives on your behalf.
What if our system of record-keeping is not that great and we have not really tracked all the expenses that may have gone into SR&ED i.e. overhead?
Not to worry. CRA realizes that many companies may not have tracked overhead and so allow what is called a “proxy” estimate figure based on labour hours.
How do you differ from the competition?
We pride ourselves on our success in filing SR&ED claims. The key is making sure that the written report describes in brief but concise detail the SR&ED that occurred. It needs to be written in the precise format that CRA dictates is necessary. We differentiate ourselves from our competition in our ability to specifically describe the SR&ED process experienced by the client no matter what the project or field of endeavour.
What is your fee structure?
Our fee is contingent upon results. We offer a competitive, sliding scale fee structure down to as low as 15%. There is no retainer. We ask for our fee only when you receive your refund.
How far can we claim back?
A claim has to be filed 18 months after the year end date of the fiscal year in question. For example for a company with a June 30th year end, the 2008 SR&ED claim ( if not filed originally with the corporate tax filing by December 31, 2008) would need to be filed by December 31, 2009.
How much could a potential claim be worth?
You could be looking at thousands of dollars. This is why you should not procrastinate and risk missing important filing deadlines.
How do we know if we have SR&ED?
If you have come up with a new concept, worked on a new project or made some innovative development you may have incurred SR&ED expenses. Contact us and we can provide advice on whether you have in fact performed SR&ED. No obligation of course.
We have never claimed anything like this before? Is it complicated.?
We have an excellent track record with first time claimants as well as with serial claimants. As a matter of fact CRA is more lenient with first time claimants. We prepare the claims for you and liaise with the Government representatives on your behalf.
What if our system of record-keeping is not that great and we have not really tracked all the expenses that may have gone into SR&ED i.e. overhead?
Not to worry. CRA realizes that many companies may not have tracked overhead and so allow what is called a “proxy” estimate figure based on labour hours.
How do you differ from the competition?
We pride ourselves on our success in filing SR&ED claims. The key is making sure that the written report describes in brief but concise detail the SR&ED that occurred. It needs to be written in the precise format that CRA dictates is necessary. We differentiate ourselves from our competition in our ability to specifically describe the SR&ED process experienced by the client no matter what the project or field of endeavour.
What is your fee structure?
Our fee is contingent upon results. We offer a competitive, sliding scale fee structure down to as low as 15%. There is no retainer. We ask for our fee only when you receive your refund.
How far can we claim back?
A claim has to be filed 18 months after the year end date of the fiscal year in question. For example for a company with a June 30th year end, the 2008 SR&ED claim ( if not filed originally with the corporate tax filing by December 31, 2008) would need to be filed by December 31, 2009.
How much could a potential claim be worth?
You could be looking at thousands of dollars. This is why you should not procrastinate and risk missing important filing deadlines.
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