In 2014, the CRA started rolling out a new program for the first-time SR&ED claimants appropriately named the First-Time Claimant Advisory Service or FTCAS. The program is new, and there seems to be some confusion with respect to its objectives and consequences. The confusion seems to stem from the CRA’s description of the program and the way it is being implemented. On the one hand, the CRA states that “the FTCAS is not a review or an audit and the CRA staff will not make any determination of the eligibility of work or expenditures claimed”. On the other hand, in the same document, the CRA explains that “should a refund be expected as a result of filing a claim, it will be processed after the site visit.” After reading this, one would immediately wonder why the SR&ED refund is being processed after the site visit if during the visit the […]
Daily Archives: April 2, 2015
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