The Sheldon Group

Avoiding SR&ED Claim Pitfalls


How to avoid common pitfall that drastically reduce SR&ED claim values

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Did you know that failure to consider several tax planning issues can cause your SR&ED claim value to be reduced by as much as 70%?

Some of these issues include neglecting to show, on financial statements, the:

  • Amount of profit earned by your company.
  • Amounts of profit paid as year-end bonuses.
  • Amounts of taxable capital.
  • Profits of associated companies for tax purposes.
  • Amount of taxable capital or accumulated retained earnings.
  • Method of paying non-arm’s length contractors.
  • Distinction between individuals as employees and individuals as contractors.