5 Tips to Speed Up Your SR&ED Claim Process

November 19, 2021

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5 Tips to Speed Up Your SR&ED Claim Process



From the time you file your refundable SR&ED claim, it takes only 120 calendar days to be processed.

While we do not influence how long the CRA takes to process your SR&ED claim, we do have some suggestions that will make the process go more smoothly on your end, allowing you to submit and process your claim as quickly as possible. Below we have shared 5 tips to speed up the processing of your scientific research and development funding.

  1. Educate yourself and your technical team about the SR&ED tax credit program

Attend webinars and seminars in addition to meeting with your SR&ED claim preparer to learn everything there is to know about the program. When you understand what the program entails and who is eligible, you can better prepare yourself and your team for the process, helping it go more smoothly for everyone.

  1. Keep track of documentation

Being proactive rather than reactive when it comes to potential SR&ED projects is much easier. While looking back on what you’ve done and doing your best to gather documentation isn’t difficult, implementing a documenting process from the start will save you a lot of time and work.

Keep in mind that documentation should be:

Contemporaneous – produced at the time SR&ED work is completed.

Dated – to demonstrate that the work was completed throughout the fiscal year.

Technical issues/challenges should be highlighted to assist the technical reports that will be filed with the claim.

  1. Delegate one team member to be your internal ‘SR&ED Champion’

While it is not required, appointing an “internal SR&ED champion” is usually beneficial. This person will be the main point of contact for your organization and will handle the whole SR&ED claim process from within. The technical lead is usually this person. They’re crucial in setting up one-on-one interviews with all of your technical workers who worked on the research or development work.

  1. Schedule time in advance to review technical reports with your SR&ED claim preparer

No one enjoys being pushed for time to meet a deadline. It’s critical to plan out the procedure from the start to avoid feeling rushed before a deadline. The last thing you want to be doing is rushing through a technical report that could help you recoup some money!

An experienced SR&ED claim preparer will give you plenty of time to examine your claim before submitting it, allowing you to submit it far ahead of schedule. It’s best to stick to their schedules and stay on track.

  1. Review SR&ED criteria and develop a strategy BEFORE you start development

However, knowing the requirements — documentation, qualifying work, salary vs. contractors — before getting in and executing the work makes the whole process go more smoothly. Your SR&ED claim preparer may walk you through what they’ll be looking for and even provide you tips on how to get the most out of your SR&ED.

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