SR&ED claims must be submitted within 18 months after the end of every fiscal period
December 31, 2009 is the deadline for submitting claims for fiscal periods that ended on June 30, 2008.
e.g. You can prepare two claims for your fiscal periods that ended on December 31, 2007 and 2008 at same time, and submit them both to CRA before June 30, 2009.
CRA has committed in writing to help fix administrative omissions and errors if received 90 days prior to 18 month deadline.
SR&ED cheques usually arrive ~3-4 months after CRA receives your SR&ED documentation.
However if you have already submitted your T2, it will need to be amended. This will delay your first SR&ED cheque, so it arrives in ~6-8 months. Subsequent SR&ED cheques will likely arrive in ~3-4 months.
The Ontario cheque (used to) tend(s) to arrive a few months later.
Many third parties will lend against filed SRED claims.
Note that there is no filing deadline for the Ontario Innovation Tax credit
Just the titles. Do not submit copies of the documents to CRA.
List all the contractors and describe what they did very briefly.
New Documentation Requirements X X X X Others X Contracts X X Prototypes, scraps X X Photographs and videos X X Test protocols, data and results X X Progress Reports, Minutes X Trial Run Records X Source Code, System Architecture, etc.. X Lab Notebooks X X X Experiment Design X Time Sheets X Planning Docs Resources Systematic Work Uncertainties Base Level Knowledge