3 Keys to Tax Credit Reviews

Methodology, Eligibility and Documentation

Successful SR&ED claims are built by, engineer driven industry experts, like the Technology Initiatives Group Ltd. For claim purposes preparation is the key to a successful tax claim, as well as protection against any CRA audits or reviews.

SR&ED program experience is required to validate:

Your advances and content
The experimental methodology and
Technical descriptions

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The CRA SR&ED Review Process

The Canadian Revenue Agency (CRA) validates all tax credit claims through a 2-step process procedure:

First claims are processed and scanned for inconsistencies or errors
Secondly Notices of Assessment are issued

Notices of Assessment may either:

Reject a Claim or
Request further review

Types of SR&ED Tax Credit

In the event that further information is requested, business can expect one of three review types:

Desktop
- Desktop reviews are a manual read-through of all technical information.
Financial Only
- Financial reviews are only concerned with financial documentation.
Financial and Technical
- Financial and Technical Reviews are the most in depth because they delve into both into financial and technical aspects in addition to on-site interviews.

A CRA review can have a negative impact on the overall operation of your business, as it takes away precious resources and time to ensure your claims are valid. By using an SR&ED expert, you will be protected by any CRA reviews, as you will have a highly skilled and trained expert to defend all your claims.

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