Advisory for businesses claiming SR&ED investment tax credits

October 12, 2022

Ottawa, Ontario

Canada Revenue Agency

Have you or your business been approached by a third party offering to apply for Scientific Research and Experimental Development (SR&ED) tax incentives on your behalf? The Canada Revenue Agency (CRA) has observed a recent increase in SR&ED claims containing false and/or non-compliant information.  The CRA is advising you to be cautious if you receive an unsolicited offer to help you claim SR&ED investment tax credits.

The CRA is here to help you

The SR&ED Tax Incentive Program is the largest Government of Canada program supporting research and development (R&D) in Canada, providing more than $3 billion in tax incentives to over 16,000 businesses annually.

The CRA is committed to making it easy for all eligible businesses to access the SR&ED investment tax credits to which they are entitled. We are re-designing our web pages and updating our services and tools to make it easier for you to find out whether your work qualifies for SR&ED tax incentives.

If you have been approached by a third party telling you that your business is eligible to claim SR&ED investment tax credits and offering to complete a claim on your behalf, the CRA recommends that you take the following steps before proceeding:

If you have questions or need more information, contact us.

Tips to protect yourself

Here are some additional ways to protect yourself and your business:

You will be held liable for any false information, and may face serious consequences.

Again, if in doubt, contact us. We’re here to help!

What if you discover an error in your submitted claim?

Submitting an SR&ED claim to the CRA is a serious undertaking and all claimants are legally responsible for the accuracy of the information in their claims. That said, we understand that inadvertent errors or omissions can sometimes occur. If this happens, contact the CRA’s SR&ED Tax Incentive Program to discuss your situation.

In addition, the CRA encourages taxpayers to come forward and correct their tax affairs through the Voluntary Disclosures Program (VDP). The VDP grants relief on a case-by-case basis to those who voluntarily come forward to fix errors or omissions in their tax filings before the CRA knows or contacts them about these errors or omissions. Visit the VDP web page for more information.

Contact

Media Relations
Canada Revenue Agency
613-948-8366
cra-arc.media@cra-arc.gc.ca

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