B.C. SR&ED Tax Credit Update

How do I Apply for SR&ED Tax Credits?

You must file the prescribed forms within 18 months from the end of the tax year in which the expenditures were incurred. Crowe MacKay encourages you to file these forms along with your corporate income tax return within its normal filing deadline, typically six months after fiscal year end.

Preparing your SR&ED Claim

Crowe MacKay’s specialists understand the SR&ED claim process and what qualifies. Our professionals have the expertise to assist you in:

• preparing your claim or assisting you to satisfy CRA’s strict guidelines and standards;

• providing training to your team on how to identify eligible activities and projects;

• defending your claim during any CRA reviews.

With our team’s high quality work and prompt responses, we are committed to making smart decisions for your business that will result in lasting value.

Connect with Crowe MacKay’s SR&ED Tax Incentive Team

Scientific Research and Experimental Development (SR&ED) is a tax incentive program in Canada. This program is administered by the Canada Revenue Agency (CRA) and is designed to encourage Canadian businesses of all sizes and in all sectors to conduct Research and Development (R&D) in Canada. Crowe MacKay’s SR&ED team is made up of Technical Specialists, Financial Specialists, and Tax Specialists, who have significant experience in the Engineering, Life Sciences, and Information Technology sectors.