TORONTO – November 2nd, 2020 – As Canada’s leading SR&ED tax credit consultant, Bond Consulting wants you to know that for the first time since the inception of the SR&ED tax credit program 35 years ago, its deadlines have been extended. Details are provided in Time Limits and other Periods Act (COVID-19).
What does that mean for you?
If you had a September 30, 2018 fiscal year-end but did not file your SR&ED tax credit claim by March 31, 2020, your new deadline was September 30, 2020.
If you had an October 31, 2018 fiscal year-end but did not file your SR&ED tax credit claim by April 30, 2020, your new deadline was October 31, 2020.
If you had a November 30, 2018 fiscal year-end but did not file your SR&ED tax credit claim by May 31, 2020, your new deadline is November 30, 2020.
If you had a December 31, 2018 fiscal year-end but did not file your SR&ED tax claim by June 30, 2020, your new deadline is December 31, 2020.
As your CRA SR&ED experts, Bond Consulting encourages any Canadian business owner or Medical Professional Corporation (MPC) to seek out an SR&ED eligibility assessment if your fiscal year-end is on the list (November or December), and you missed your 18-month deadline earlier this year during the COVID shutdowns.
Julie Bond of Bond Consulting Group
The Government of Canada, through the Canada Revenue Agency (CRA), provides cash refunds to encourage Canadian companies of all sizes and in all industry sectors to seek an advancement in knowledge in a field of science, medicine or technology.
There are four main fields of science and technology eligible for SR&ED tax credit benefits in Canada:
- Natural & Formal Sciences
- Engineering & Technology
- Medical & Health Sciences
- Agricultural Sciences
The SR&ED program will return up to 68% of the value of incurred expenditures to all corporations in these fields that have attempted to overcome or solve a scientific or medical uncertainty, or alternatively a technological obstacle.
At least 80% of Canadian business and medical professionals incorrectly self-disqualify and fail to claim their benefits.
About Bond Consulting Group
Bond Consulting puts you on the right path to understanding and accessing Canada’s most generous but also Canada’s most complicated corporate tax incentive program. With our talented analysts on staff, superior in-house expertise, government audit experience and sophisticated evidence tools, you can’t go wrong.
For over 15 years, practically everything we have prepared has been approved.
To help Canadian companies better identify with the SR&ED Program, Bond Consulting Group has launched the SR&ED Brands that discuss program eligibility in the following industries: Medical, Academic Research, Pharma, Biotech, Agriculture, IT & Computer Science, Manufacturing, Food Development, and Start-up.
You can find them listed and explained in the Sectors section of our website: https://bondconsulting.ca/sectors/
About Julie Bond, CEO of Bond Consulting Group
Julie Bond, aka “The SR&ED Whisperer”, is one of the top SR&ED tax credit specialists in the country, with almost two decades of experience in this field. Julie has personally prepared or supervised over 2000 successful SR&ED applications. She graduated from Rotman School of Business, University of Toronto (E.MBA), and has a BA in Astrophysics and Languages from the University of Toronto.
FOR MORE INFORMATION:
Call Bond Consulting for your eligibility assessment: 416 503 4607; 1 888 SRED-007 or email us at email@example.com
Visit bondconsulting.ca to book a consultation with one of our talented Assessment Specialists. There is no financial risk. If you do not receive a refund, then our professional services cost you nothing.
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Company Name: Bond Consulting Group Inc.
Contact Person: Julie Bond
Email: Send Email
Address:920 The East Mall
State: Ontario M9B 6K1