SR&ED Planning Issues
It is important to start an SR&ED project off on the right foot!
Start your planning in the early stages of a research initiative or idea to:
- Organize the project to ensure it is eligible for SR&ED, to the maximum level
- Organize to avoid common pitfalls ahead of time e.g. when to use contractors vs. employees?
- Identify the project scope and requirements so that you structure the detail work to maximize what portion will be SR&ED eligible
- Plan what portions of the project to segregate from the SR&ED (e.g. marketing and commercial activities)
- Set up the framework for documentation that will support the work to Canada Revenue and protect you from losing this knowledge if your people move on
- Create a detailed project plan with the necessary quality and project management processes to demonstrate SR&ED eligibility
- Coach your people about SR&ED so that they include all potential SR&ED activities which are often missed when claiming after the fact
Contact Us if you are considering launching a project to develop a new aspect of your product or technology in any industry, e.g. in software, hardware, oil and gas tools and technology, on the shop floor.
SR&ED Program
Corporate Planning:
Financial Planning: