Canadian businesses claiming research and development tax incentives must maintain accurate technical and financial documentation. Although the SR&ED program offers valuable opportunities for eligible companies, the Canada Revenue Agency (CRA) may review submitted claims to verify that the activities and expenditures meet program requirements. Understanding the review process and preparing appropriate supporting records can help businesses manage their SR&ED responsibilities. Why Is SR&ED Audit Defence Important? A CRA review may involve questions about technological uncertainties, experimental development, project activities, employee involvement, and claimed expenditures. Businesses should be prepared to explain their technical work and provide relevant supporting evidence. Organized project notes, testing records, payroll information, invoices, and financial documents can help support a claim. How G6 Consulting Provides Claim Support G6 Consulting offers specialized SR...
