All SR&ED tax credit submissions must include technical and financial submissions. The strength of the overall claim is based on a convincing interdependence of each portion. Activities must be clearly defined in technical fashion, accompanied by a snapshot of associated costs.

In today’s environment of concerns pertaining to government accountability, it is especially important to assist Canada Revenue Agency SR&ED staff by submitting clear, concise technical claims. CRA staff are much more interested in qualifying clients for SR&ED tax credits than disqualifying them, but there is no doubt they feel pressure to ensure their approved claims are of the highest quality and integrity.

MGW (North) SR&ED Consultants Inc., will work with your technical and financial staff to identify and capture credible, eligible R&D projects. We will prepare your technical submission in accordance with Part 2 of the T661 Claim for Scientific Research and Experimental Development (SR&ED) Carried Out In Canada, and assist your financial staff in identifying eligible costs.

SR&ED tax credits are claimed alongside your regular T2 corporate income tax, but can be filed 18 months after your taxation year-end. If you have never submitted an SR&ED claim, you may be able to submit a claim for one year prior to your current year due; you must, however, submit an appropriate, amended T2 form with the accompanying T661.