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Ontario SR&ED Tax Credits – Canadian SRED Solutions

When you claim your Scientific Research and Experimental Development (SR&ED), the Canada Revenue Agency (CRA) always takes a broader look at your claim. The best way to claim for SRED in Ontario is with SR&ED experts who will assist you in your SR&ED claim preparation and filings with Canada Revenue Agency. Our team of experts have filed thousands of SR&ED claims on behalf of our clients and have a 100% success record in getting our claims approved. For any information, contact us at 587-200-4163 or visit the website https://canadiansred.ca/regional-offices/ontario-sred/

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Ontario SR&ED Tax Credits – Canadian SRED Solutions

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  1. Canadian SRED Solutions Ontario SR&ED Tax Credits

  2. Filing Your Claim You need to file your SR&ED claim Canadawithin 18 months after the fiscal year has ended. We recommend filing it six months after the year end, which is typically in June, if your fiscal year ends in December. If you fail to file your claim in the given time frame, then unfortunately it becomes time barred. CRA does not allow late submissions.

  3. Eligibility The main factors that determine if any work is eligible for SR&ED are the purpose and method of the work along with the outcome it produces.

  4. Uncertainty: The project for which you are claiming SR&ED needs to meet a scientific or technological uncertainty. A scientific uncertainty arises in basic or applied research. A technological uncertainty arises in experimental development. Uncertainty means that there is a problem with no solution in currently available scientific knowledge or technology.

  5. CONCLUSION On a primary level, you need to be involved in scientific and technological R&D. You need to be working towards uncovering scientific or technological knowledge that has not been known previously within the public or industrial domains and/or, you need to be developing or improving products and processes to advance technology.

  6. Thanks! Do you have any questions? info@canadiansred.ca 587 200 4163 www.canadiansred.ca

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