The SR&ED first-time claimant advisory service (FTCAS) was introduced by Canada Revenue Agency (CRA) in 2014. This is a free discussion to all first-time claimants on the SR&ED program that must be attended by all first-time filers. The discussion/meeting will assist all applicants in preparing future SR&ED claims regardless of using a consultant or filing in-house. Since this advisory service is fairly new, we have experienced many companies asking us questions about the FTCAS program. Below we have illustrated questions and concerns that many companies face with the FTCAS as well as how to be prepared when the CRA is asking for additional SR&ED documentation.
What is the FTCAS process?
How long is the FTCAS?
Who conducts the FTCAS?
Can my consulting firm attend the FTCAS?
When will my company receive the SR&ED funds?
For further information on the FTCAS or assistance on your companies upcoming FTCAS, please contact Braithwaite Canada
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