Well ultimately the CRA has that responsibility, but that only happens if and when you submit a claim, so this question relates to who in your company makes this determination?
If you are not hearing from your consultant at least quarterly and reviewing what innovative projects you are working on and you are the one determining whether you think you have eligible projects that you can claim or are worthwhile claiming, you may be really missing some large opportunities for a generous tax credit/refund.
First of all, this is a function your consultant should be doing for you. You should not have to try to decide what is eligible or not; that is why you hire a consultant.
Too many times projects get missed that may return significant $$’s to your company. May times companies do not fully understand the eligibility criteria and documentation requirements to take full advantage of the SR&ED program. Assumptions are made based on in-house knowledge which may not be correct. Many times we have heard and seen companies make assumptions about the program and associated Government Grants that they believe disqualify them from claiming.
Is it worth taking the risk of making a wrong assumption especially when there are experts ready to make those assessments and decisions with you? All it takes is a short phone call or quick visit by your consultant to determine what you are doing or planning on doing that may qualify for $$’s from the Government through the SR&ED Program or Government Grants.
Based on what the consultants have successfully claimed for other clients you may find that these are very similar to ones you have been missing.
Innovation and growth are critical to your business success; this is your opportunity to obtain financial support to help pay for your investments.
As always, we are happy to help and have the experts ready to step in when needed.