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.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.