Are you sure you’re keeping the right type of documents in support your SR&ED claim?
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We ensure you have exactly what you need for a successful claim.
Everyone has heard of stories of the CRA denying SR&ED claims for lack of documentation.
May companies who have had their SR&ED claims reviewed by CRA are left puzzled as to what type of contemporaneous documentation is really necessary to support their SR&ED claims.
Anyone can say they advanced technology by exceeding routine engineering.
But the question remains, exactly what have you exceeded? And, how do you define routine engineering in the first place?
So why should CRA or anyone else accept that you have advanced technology by exceeding routine engineering? If it’s just because you say so; or if you’re relying only on test results, log books, time records or other documents demonstrating technological uncertainties you may still fall short.
In order to ensure that your claims are well substantiated in income tax law, expert legal and tax advice is needed to assist you in this otherwise elusive pursuit.