• The Review Process and Supporting Documentation Needed

The Review Process

There is a probability that your SR&ED submitted to CRA can be subject to a detailed technical and financial review by them to ensure that it meets the requirements of the Program.

The CRA may come to visit your premises to discuss the claim with you in more detail. The CRA’s Research and Technology advisor evaluates the technical aspect of the claim. The financial reviewer looks at the costs associated with the claim to ensure they are eligible SR&ED expenditures.

During this visit, the CRA reviewers will speak with your technical and financial staff and review the documentation and other supporting evidence that substantiate your claim.

EVAMAX team will represent & prepare you for CRA’s technical & financial reviews to defend your claim. In fact, we put steps & best practices in place when we begin working with you to ensure the overall strength of the claim and maximize your refunds.

Supporting Documentation Needed

If your claim is selected for a review, CRA will ask for evidence to support your claim. The documentation would ideally be prepared and tracked while the SR&ED work was being performed. If you do not have documentation to support your claim, you risk the claim being rejected.

EVAMAX can help ensure you have in place the best practices and tools for effective internal controls and documentation process.

Examples of supporting evidence are:

Technical Documentation:

  • Project or Experimentation plans
  • Design, system architecture and source code (software development)
  • Design documents and technical drawings, project records, laboratory data, Test protocols, data, results, analysis, and conclusions, professional publication
  • Photographs, videos, Prototypes, samples, scrap records

Financial Documentation:

  • Contracts
  • Records of resources allocated to the project, time sheets, activity records, payroll records
  • Purchase invoices and proof of payment
  • Accounting records

We understand that program compliance may be overwhelming and a distraction from your business focus. Which is why we emphasize working with your team to organize a custom system to make the SR&ED Claim process seamless.

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Learn More about the SR&ED Program & How EVAMAX can help Maximize benefits through the program

SR&ED

EVAMAX SRED Consulting Services

Provincial and Territorial R&D Tax Credits

Case Studies

For assistance in preparing your submission and to position your application for approval contact EVAMAX Group to help you with the process. You may also email us at info@evamax.com or call 1-877-711-7733.

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