Monthly Archives

November 2016

Pre-Claim Consultation or Pre-Claim Review: What’s the Difference?

By | SR&ED

Both programs are recent additions to the discretionary services provided by CRA to assist applicants with their SR&ED claims. The main objective is to reduce the uncertainty of your SR&ED filing outcome.

While one program (PCC) is less rigorous, it provides educational benefits to new SR&ED applicants on the CRA’s eligibility tests for SR&ED work. Participants receive advice and recommendations for future claims, and a basic assessment as to whether or not their claim contains SR&ED work. However, the CRA’s PCC decision is non-binding and does not establish the extent of SR&ED work or expenditures in a given project.

The more rigorous service (PCR) is similar to a regular review, however it can capture benefits as the review is done “when the work is taking place, while information and people are more readily available.” To participate, applicants must meet several requirements, including previous participation in the SR&ED program. The program has just been launched in Western Canada, and will extend to all other provinces through November 2016.

Conclusion:

  • PCC informs the claimant as to whether or not SR&ED work exists within the claim, but not the extent of eligible work or allowable expenditures.
  • PCR informs the claimant with certainty as to whether or not SR&ED work exists within the claim, as well as the extent of eligible work or associated expenditures. However, it requires participants to meet specific criteria.

How can TSGI help? Depending on your specific business context, it may be beneficial to explore these new services. Not only can TSGI provide a free assessment, but we can provide guidance about whether or not CRA’s additional services are right for you. Contact us anytime.

Financial Analyst position posted

By | General, SR&ED

TSGI is now accepting applications for the role of Financial Analyst on our growing team.

If you are a CPA who enjoys working with clients, providing value-added service, seeks challenge and appreciates work-life balance, we encourage you to consider applying.

Check out the posting here. Applications for the position will close Thursday, October 20 at midnight.