Prior Years          

Retroactive Claims for ITC:

If you failed to claim for SR&ED work conducted in tax years that ended within the past 18 months, we can recover your tax credit entitlements.  This requires filing a "Taxpayer Requested Adjustment" with the tax departments (CRA and provinces).

Claims for past tax years that have already been assessed by CRA requires special care for documentation and verification to overcome a negative impression created by a late filing. They may ask: "Why is it deemed SR&ED now and not when you filed your taxes?".

We will not submit claims for which both records and personnel are no longer available to verify the work. We will work with your staff to determine if a case can be made based on evidence on hand. Retroactive claims may take longer to process by CRA because they are not high priority.

Recover Additional ITC:

Tax legislation may change retroactively. We have been successful on behalf of clients in recovering significant tax credits for R&D in past years  reflecting retroactive policy or  tax law changes.  We can also re-file a prior year claim to recover additional costs or claim additional projects if within the 18 months time limit.

For pending legislative changes, announced in federal budgets, we will advise on filing status to protect our clients' entitlements.  The SR&ED program is constantly changing and requires at least an annual update on your in-house claim process.

Records Archaeology:

Have your key research engineers left the company, and now you face a government audit?  We will review your archives and find the evidence for SR&ED.  There are other ways to prove your entitlements besides the missing research reports.