This document summarizes an SR&ED tax credit automation software called Boast.AI. It helps companies automate their SR&ED claims to increase refunds while reducing time and audit risk. Boast's team of experts and proprietary software gather a company's technical and financial data to identify, categorize and track eligible R&D projects. This leads to larger claims and refunds for less effort than doing it manually. The document provides an overview of SR&ED benefits and qualification criteria for Canadian companies claiming refundable tax credits for research and development expenditures.

1. Your SR&ED Claims
on Autopilot
SR&ED 101

2. Increase Your SR&ED Claim
with Software
TRUSTED BY MAJOR TECH HUBS
The only SR&ED automation software available. Join over 500 other companies that have
switched to Boast.AI to increase claims and refunds for less time and money.
SR&ED
Experts
Larger
Refunds
Less
Time
Reduced
Audit Risk

3. Our team of engineers and accountants,
leverage the Boast.AI proprietary
software platform to automate the
manual work associated with your
SR&ED claims, leading to larger refunds
and lower audit risk while reducing the
time and energy required from your
internal resources.
Since 2011, Boast has been helping
innovative businesses in the US and
Canada recover their R&D costs from
the government.
About

4. What is SR&ED?
Claim preparation process & timeline
Qualification Criteria
Case Study
CRA Reviews
Agenda

5. What is SR&ED?
Scientific
Research
&
Experimental
Development
Government program to encourage
further innovation in Canada
Over 25,000 companies received $3.5
billion in 2018
Up to 64% cash back on R&D spend

6. Applicable Industries?
Software
Development & ITC
Oil & Gas and
Energy
Manufacturing
Agriculture
Bio Technology
And More

7. Who Can Claim?
CCPC
Canadian Controlled Private
Corporation
Foreign and/or Publicly
Owned Corporation
NON-CCPC

8. SR&ED Benefits
RETURN RATED FOR SME CCPCs:
Salaries Sub-Contractors Materials
64% 32% 42%
Refundable ITCs

9. SR&ED Benefits
RETURN RATED FOR NON-CCPCs:
Salaries Sub-Contractors Materials
36% 18% 24%
Non-Refundable ITCs

10. Qualification Criteria
ALL OF THE ABOVE MUST BE PRESENT!
Technological
Uncertainty
Systematic
Investigation
Technological
Advancement

11. Challenges usually indicate a
technological uncertainty
There was due diligence by the team to
search for publicly available answers
The uncertainty is determined within the
context of the company
Technological Uncertainty

12. Meeting technical
objectives
Example
Scalability, performance
targets, accuracy targets
Which of several
alternatives will produce
the desired result
Example
Which algorithm or design
methodology will satisfy
technical objectives
How to build upon out of
box solutions to adapt it
to a unique challenge
Example
Use open-source framework X
to solve problem Y with Z
modifications determined
through experimentation
Technological Uncertainty Examples

13. Systematic Investigation
SR&ED ELIGIBLE WORK MUST:
Be performed
by qualified,
experienced
personnel
Incorporate a
systematic
investigation:
ITERATIONS
Hypothesis -> Experiment -> Conclusions

14. Advance the company’s
knowledge-base in order
to address technological
uncertainty
Whether experimentation
is successful or not is
irrelevant
About knowledge gained,
not the end product
Technological Advancement

15. Case Study
Software company with operations in
Vancouver (CCPC)
7 developers (1 front-end, 6 back-end)
Salaries are $75K per year and ~58% of
time is eligible

16. Case Study
Front end development
not typically eligible
Eligible expenditure pool for
salaries would be ~$261K
($75K x 58% x 6)
~$167,040K worth of
refundable investment
tax credits (ITCs)
PROXY OVERHEAD METHOD AND CCPC RATES OF RETURN

17. Technical Documentation
Dated Documented at
the time the
work was
completed
Highlight technical
challenges &
iterations

18. Technical Documentation
DOCUMENT TECHNICAL CHALLENGES AS THE
WORK PROGRESSES
Highlight technical challenges &
iterations
Monthly granularity:
major technical challenges/obstacles
encountered by the team

19. TIME TRACKING SHOULD INDICATE: PROJECT & ACTIVITY
Time Tracking
Any type of system can
be used
Granularity: quarter
day/half day and can be
filled out weekly
SR&ED Activities
Development
Testing
Technical analysis
Technical requirements
Project management

20. Claim Deadline & Turnaround
DEADLINE IS 18 MONTHS PAST FISCAL YEAR END
Current claim:
- file within 6 months
- ~4 month CCPC
turnaround
Amended claim:
- file within 7-18 months
- ~8 month CCPC
turnaround
~12 month turnaround for non-CCPCs

21. CRA Reviews
CRA Review ≠ Tax Audit
MULTIPLE TYPES OF REVIEWS:
First Time Claimant
Advisory Service (FTCAS)
Desktop
Technical &
Financial
Financial

22. Your SR&ED Hub
Our software gathers data from your existing technical and financial systems to help
identify, categorize, and time track R&D tax credit eligible projects, leading to larger claims
and lower audit risk with less time invested from your team.

23. “Boast enabled our executive team to focus on building our business
instead of chasing SR&ED. They saved us countless hours of pain,
guiding us through the process and putting together everything. We
received 100% of our claim with minimal headache, including a full
audit. Highly recommend every tech CEO take a close look.”
JASON SMITH, CEO, KLUE
Contact Us for a Free Assessment
Russ Armstrong
russ@boast.ai
TORONTO
Jeff Christie
jeff@boast.ai
CALGARY
Eric Grice
egrice@boast.ai
VANCOUVER
Lloyed Lobo
lloyed@boast.ai
SAN FRANCISCO