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.

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 SRED 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 2011 SR&ED claim ( if not filed originally with the corporate tax filing by December 31, 2011) would need to be filed by December 31, 2012.

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.

We look forward to working with you.

Scientific Research and Educational Development also known as SR&ED, SR & ED and SRED