There is over $3 billion available to businesses focused on product development, process improvements, innovation and R&D.

The government will not fill out your tax return for you, or knock on your door to inform businesses that they may have unwittingly over-paid their taxes. However, the program is not hidden. We encourage you to visit the official CRA website where you can learn about the legitimacy of the program, and even attend a free government-sponsored seminar on the topic.

We do everything we can to avoid an audit, and we recommend a course of action that could lead to an audit! But the SR &ED department and the CRA exam are physically separate and their administrations are intentionally disconnected to avoid program deterrence. SR &ED examiners do not report non-fraud findings to other CRA departments and do not investigate other areas of company operations, such as health, human resources, taxes collected, etc.
We also remind our clients that this is only a claim that matters. In the worst case scenario, the claim will be denied, but there are no penalties for filing a legitimate claim as long as you have not committed fraud. You should also be aware that you have nothing to lose – worst case scenario, you do not get a refund and you do not pay any consultation fees. You can not lose. It’s a no brainer.

Think of SR&ED as an “expenditure credit”. Small and medium-sized companies receive refunds, plus interest, even if they didn`t pay corporate taxes. Sounds too good to be true, but it is indeed the truth. You need to be up to date on your government remittances, however, in order to receive your refund.

Grand CFS makes every effort to facilitate the process and make it as painless as possible. You will need to spend a few hours with us and provide financial data with which we tabulate your claim, but your Grand CFS consultant will take care of the rest of the claim preparation.

No. CRA recognizes shop-floor technology. We have clients that are cabinet makers and sausage makers. If you conduct experimentation and attempt to solve problems during the course of your work, then you could be entitled to a refund, regardless of your premises or education.

It’s definitely better to have documentation, but we will assess your claim based upon what you have and provide you with the tools and training to document better in the future. CRA knows that first time claimants may not have known about the program, as the SR&ED program is retroactive 2 years.

Every case is different. It could take 8 weeks, or 2 years. But most claims are approved within 4 months of submission to the government. Now the federal and provincial governments are harmonized, so processing is quicker.

Now think about it. What are your competitors doing with THEIR refunds? And what could you do with yours!?

First-Time Claimant Advisory Service (FTCAS) is a free in-person service that provides first-time scientific research and experimental development (SR&ED) claimants with an opportunity to meet with local CRA SR&ED staff, at their place of business, to gain a better understanding of the SR&ED Program. During these visits the SR&ED reviewers will provide businesses with advice on the SR&ED Program. This is a guaranteed CRA Approval once the meeting requirements are met. Please ask us for more details or refer to the Canadian Revenue Agency (CRA) website for more information