Unfortunately, because of the extraordinary benefits of the SR&ED program, there is the temptation to over-reach, or even submit false claims. One of the best ways for a business owner to ensure this isn't done, and to minimize potential damage from such an ill-advised move, is to work with professional SR&ED consultants.  Professional SR&ED consultants will put the claim through a number of common sense tests, and often will uncover the deception before it makes its way into far more dangerous territory.  By working with arms length SR&ED consultants, a check and balance is created that prevents and minimizes the damage that can arise from negative actions such as deception.  We recommend against deceptive practices and advise the principals of businesses who wish to claim SR&ED when their claims fall outside of what could reasonably be considered SR&ED, to avoid any possibility for misunderstandings with the CRA.  We know that reputable business people in Canada do not want to have misunderstandings with the CRA.

So, before presenting an SR&ED claim to the CRA, we recommend to potential clients that they engage the services of professional SR&ED consultants to ensure that the CRA does not receive a claim that is not valid, and as well to check that all needed documentation is present, to ensure success or potentially avoid grave embarrassment.  Our expert team of SR&ED consultants can help you find the most innovative aspects of your business to maximize your SR&ED tax credit package, perhaps using activities that you had not even thought of. You may be surprised at what we find to help you, and you might be surprised to learn that some seemingly innovative activities are actually common practice. Did you know that projects completed up to a year and a half ago, and even projects that failed, may still qualify for the SR&ED program?  For many businesses, this may represent a lot of money.

Contact TCEG today to learn more about the benefits of working with our outstanding team.