CRA’s best effort is to deliver SR&ED grants in a timely, consistent, and predictable manner, while encouraging research and development (R&D) performers to prepare their claims in compliance with tax laws, policies, and procedures. There are four major processing categories determined by CRA in which aimed to be met 90% of the time:
- refundable claims – 120 calendar days from receipt of a complete claim
- non-refundable claims – 365 calendar days from receipt of a complete claim
- claimant-requested adjustments to refundable claims – 240 calendar days from receipt of a complete claim
- claimant-requested adjustments to non-refundable claims – 365 calendar days from receipt of a complete claim
Success Rate and Average Processing Times
April 1, 2013 to September 30, 2013
| Type of Claim | CRA Success Rate | Average Days within CRA‘s control | Average Days outside CRA‘s control | Total Average Time (days)* |
|---|---|---|---|---|
| Refundable claims 120 Days | 97% | 37 | 24 | 62 |
| Refundable claimant-adjusted claims 240 Days | 95% | 106 | 62 | 168 |
| Non-Refundable claims 365 Days | 97% | 80 | 68 | 148 |
| Non-Refundable claimant-adjusted claims 365 Days | 93% | 143 | 107 | 250 |
| All claims | 96% | 62 | 43 | 105 |
* The average days within CRA‘s control and the average days outside CRA‘s control may not add up to the Total Average time due to rounding.
Situations that may result processing delays outside of the CRA‘s control include:
- Filing an incomplete claim
- Filing an SR&ED claim without filing the associated income tax return
- Not filing a claim at the appropriate tax centre or filing a claim at a tax services office
- Being unable to respond to CRA‘s requests for information in a timely manner
- Postponement or inability to schedule meetings with the CRA
- Being unable to respond in a timely manner to a proposal letter sent by the CRA
- Reviews of prior year SR&ED claims impacting the review of the current year claim
- Modification to a claim during the course of a review
- Requests by claimants that the review of their claim be delayed
If you are an established small to medium size business with at least 5 employees that has been incorporated for at least 2 years and engaged in manufacturing and or R&D in Canada, KelidTM will assist you to identify eligible funds according to the status of your business and lead you to make the right decision. We invite you to join our monthly news letter and follow us on Twitter, Linked-in, Facebook, or Google+.
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