Core belief #3 Clients deserve value beyond the refund.

The SR&ED claim preparation process should of course result in a SR&ED refund from the CRA (or tax credit if it's a non-refundable claim).

But a great SR&ED process should offer even more value.

Here's what that looks like:

Better documentation practices helps CTOs

Documenting your R&D isn't just about satisfying the CRA. It helps the company too. By capturing details of experiments, prototypes, and iterations (including successes and failures), you build an internal knowledge base. That knowledge base becomes an asset: it helps your team learn from past projects and become more effective in future projects.

Enhanced financial visibility for CFOs

By reviewing and capturing the R&D activities throughout the year, companies can get an estimate of SR&ED credits as they are accrued. This gives CFOs greater visibility into future cash flow and better insight for budgeting and financing.

Optimization of future claims

By considering the impact of bringing contractors on as employees or shifting R&D spend into Canada (and even across provinces), future SR&ED claims can be larger. Even when overall R&D spend remains the same.

Improved operational clarity

Time and effort documentation that satisifes a CRA audit also gives CTOs and CFOs a clear record of the amount of time spent across R&D projects. This helps them understand the cost of innovation. Combine this with revenue data and leadership gains valuable insight into the ROI of products and features.

Collaboration and connections

At Elevyn, we’re part of the innovation ecosystem. We regularly connect our clients with trusted partners from legal to accounting, CFO advisory to HR. Let's help each other how we can.

If your SR&ED process isn’t helping you gain better visibility into your R&D operations and your finances, let’s talk.