Three SR&ED Claim Mistakes You Can Fix Now
Filing for the SR&ED tax credit can feel like walking a tightrope and it’s easy to trip up. The biggest hurdle? poor documentation. If you’re sketching notes afterward from memory or skipping time logs, experiment details, or invoices, you’re practically inviting pushback from CRA. Keep everything real-time and organized.
Another common pitfall is being vague about your project. CRA wants specifics: what technological uncertainty you addressed, how you investigated it, and what you learned. Skip this, and your claim may be rejected.
Finally, don’t underestimate eligible costs or misclassify them. Salaries, materials, subcontractor fees, even overhead they all count. Missing or misallocating them could mean losing valuable credits. The takeaway? Document as you go, explain your work clearly, and consider leaning on G6 Consulting to avoid leaving money on the table.