All SR&ED tax credit submissions must include technical and financial submissions. The strength of the overall claim is based on a convincing interdependence of each portion. Activities must be clearly defined in technical fashion, accompanied by a snapshot of associated costs.

In today’s environment of concerns pertaining to government accountability, it is especially important to assist Canada Revenue Agency SR&ED staff by submitting clear, concise technical claims. CRA staff are much more interested in qualifying clients for SR&ED tax credits than disqualifying them, but there is no doubt they feel pressure to ensure their approved claims are of the highest quality and integrity.

N.J. Robbins Consultants will work with your technical and financial staff to identify and capture credible, eligible R&D projects. We will prepare your technical submission in accordance with Part 2 of the T661 Claim for Scientific Research and Experimental Development (SR&ED) Carried Out In Canada, and assist your financial staff in identifying eligible costs.

SR&ED tax credits are claimed alongside your regular T2 corporate income tax, but can be filed 18 months after your taxation year-end. If you have never submitted an SR&ED claim, you may be able to submit a claim for one year prior to your current year due; you must, however, submit an appropriate, amended T2 form with the accompanying T661.