Apr 19, 2021
As you may know, we have supported a request to the CRA to extend the April 30 deadline to June 15. But if the deadline is NOT extended, here are some practical tips to reduce the burden of a COVID tax season.
Even if not primarily a high-technology company, a business may still be eligible to claim scientific research and experimental development tax credits if it performs such activities. These tax credits are available to any company that carries on a research program in a scientific manner, where this research involves technological uncertainty and innovation.
In collaboration with our affiliated entity, Scitax Advisory Partners LP, we assist Canadian businesses in maximizing the tax benefits of their R & D activities by providing R & D tax consulting services and assisting with the claims process.
Our team helps clients:
Because the investment tax credits are so lucrative, the potential recovery far outweighs the costs involved. Provincial tax credits may also be available.