The CRA is approving SR&ED claims quickly during this COVID crisis!
The CRA has decided to release $200 million of SR&ED claim in its approval pipeline, to stimulate the Canadian economy. This notice is posted on the CRA’s website:
“For the time being, no new reviews/audits will be started and existing reviews/audits will be completed as soon as possible so that businesses have access to their credits faster.”
There’s never been a better time to submit an SR&ED claim than right now, because
“Most refundable claims will be processed as soon as possible with minimal burden on the claimant.”