- What is SR&ED?
- How much does your service cost?
- How long does it take to receive the cheque after a claim submission?
- How many years back the R&D activities can
be claimed?
- What is the size of an average SR&ED government refund / tax credit?
- Do you guarantee confidentiality?
- Will my entire business be audited if I submit a claim?
Q. What is SR&ED?
A. SR&ED (Scientific Research and Experimental Development) is a $4 Billion annual incentive program managed by the Canadian
Government. It supports and rewards companies that conduct research and experimentation in Canada by partially refunding their R&D expenses.
[Find out more about SR&ED tax incentive program and SR&ED
process]
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Q. How much does your service cost?
A. Our fees are strictly performance-based; we charge no up-front fees or retainers for our services. We get paid a reasonable
percentage of a successful claim’s amount only when you receive the cash refund and / or tax credit. The only risk is ours. [Find
more about how the Tax Refunds Canada company can help you in the SR&ED claims process]
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Q. How long does
it take to receive the cheque after a claim submission?
A. 3-8 Months depending on the particular circumstances of your corporation, and on the nature of the claim. [Find
more about SR&ED claims process]
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Q. How many years back the R&D activitiescan be claimed?
A. Claims must be submitted within 18 months of the fiscal year end. For first-time claimants, R&D of the past two fiscal
years may be claimed yielding a double refund. [Find out more about How to Qualify for the SR&ED
tax credits program]
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Q. What is the size of an average SR&ED government refund / tax credit?
A. Refunds vary from $20,000 to over $500,000. The amount depends on several factors, including the scope of
the project and the size of the associated payroll. [Find
more about SR&ED process and Refunds]
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Q. Do
you guarantee confidentiality?
A. Yes. We sign an iron-clad Non-Disclosure Agreement with each client before starting work. [Check
out our Privacy Policy]
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Q. Will my entire
business be audited if I submit a claim?
A. No. Only the SR&ED claims and its costs will be reviewed by the CRA. SR&ED reviewers are a group separate from
the regular CRA auditors. [Find more about SR&ED claims process and Audits]
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Return to: SR&ED government refund / tax credits program
Revised:
November 13, 2009
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