The SR&ED Tax Credit is a complex program outlined by Canada Revenue Agency (CRA) to encourage growth and prosperity for Canadian trading companies across Canada. There is a strong emphasis on meeting scientific or technological advancements but that is only half of the claim. Having an understanding or awareness of the financial aspect of the SR&ED Tax Credit Claim will help companies maximize their claim each and every year. Below is a breakdown of having financial awareness with your companies SR&ED Tax Credit Claim.
Now that the financial eligibility for an SR&ED Tax Credit Claim has been outlined, how does a company go about filing a successful claim? We take a look at important steps to follow when claiming the SR&ED Tax Credit.
Braithwaite Canada takes a 7 step approach to maximize every R&D Tax Credit Claim filed to CRA (Detailed description of the 7 step approach).
For further information on how Braithwaite Canada can assist your company in successfully preparing an SR&ED Tax Credit claim to CRA, please contact us today.
900-2235 Sheppard Ave E
Toronto, ON M2J 5B5
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