Step 1: Knowledge Tracking System
Our knowledge tracking system (Step 1 Under "R&D BaseT" link to the left) aims to identify and adequately document all activities eligible for Canadian Scientific Research and Experimental Development (SR&ED) tax credit.
Step 2: Compile technical (project) summaries of activities performed.
After training your technical staff, we review the content of their research documentation and scrutinize it for tax credit eligibility. We then assist your senior research personnel in summarizing appropriate portions of this work for submission to the Canada Customs & Revenue Agency (formerly Revenue Canada).
Step 3: Integrate technical, financial, and tax information.
As an annual tribute to the work performed, we use the output of the system to prepare a file which supports all aspects of the SR&ED tax credit claim and provides guidance regarding financial statement disclosure alternatives. This file is directly referenced to the SR&ED tax credit forms, which we prepare on your behalf.
A full copy of this file is provided to, and reviewed with you, each year, so that you can provide the maximal amount of assistance possible in preparing each successive claim.
Step 4: Provide technical support for any positions taken
When required, we assist you with Revenue Canada negotiations of SR&ED tax credit claims and provide legislative support for any filing positions taken
1. Federal Schedules 31 & 32 and any relevant provincial forms.
