The SR&ED Review Process
EVAMAX is here to assist you through the SR&ED review process and increase your claim’s chance of acceptance.
There is a probability that your SR&ED submitted to CRA can be subject to a review by them to ensure that it meets the requirements of the Program. This can take one of three forms:
First-Time Claimant Advisory Service (FTCAS)
Claimant Advisory Service (CAS)
Full detailed technical and financial review
Full detailed technical and financial reviews focus on ensuring the eligibility of the claim with respect to the program requirements. The CRA reviewers will speak with your technical and financial staff and review the documentation and other supporting evidence that substantiate your claim.
The CRA may come to visit your premises to discuss the claim with you in more detail. The CRA’s Research and Technology advisor evaluates the technical aspect of the claim. The financial reviewer looks at the costs associated with the claim to ensure they are eligible SR&ED expenditures.
No matter the type of review, the EVAMAX team will represent & prepare you for CRA’s technical & financial reviews to demonstrate compliance and defend your claim. In fact, we put steps & best practices in place when we begin working with you to ensure the overall strength of the claim and maximize your refunds.
Supporting Documentation Needed
If your claim is selected for a detailed review, the CRA will ask for evidence to support your claim. The documentation would ideally be prepared and tracked while the SR&ED work was being performed. If you do not have documentation to support your claim, you risk the claim being rejected.
However, in our experience, we find that a lot of documentary evidence of SR&ED work is available within your existing business processes & tools. EVAMAX can help put in place or organize existing tools for effective SR&ED documentation best practices.
Examples of supporting evidence are:
Project or Experimentation plans
Design, system architecture and source code (software development)
Records of resources allocated to the project, time sheets, activity records, payroll records
Design documents and technical drawings, project records, laboratory data, Test protocols, data, results, analysis and conclusions, professional publication
Purchase invoices and proof of payment
Photographs, videos, Prototypes, samples, scrap records