If you have filed or are in the process of filing a Scientific Research and Experimental Development (SR&ED) claim and are wondering how long it would take before you receive your tax credits, below are service standards from the Canada Revenue Agency (CRA):
[list list-style+”grayDot”]
SR&ED Claim Service Standards
- Refundable claims: 120 calendar days from receipt of a complete claim
- Non-refundable claims: 365 calendar days from receipt of a complete claim
- Claimant-requested adjustments to refundable claims: 240 calendar days from receipt of a complete claim
- Claimant-requested adjustments to non-refundable claims: 365 calendar days from receipt of a complete claim
[/list]
In an effort to remain transparent about their process, the CRA has just released data on their Success Rates and Average Processing Times from April 1, 2013 to September 30, 2013. The data shows that the CRA was well within their standards with 96% of claims being met within these timelines.
Success Rates and Average Processing Times- April 1, 2013 to September 30, 2013
Type of Claim | CRASuccess Rate | Average Days withinCRA‘s control | Average Days outsideCRA‘s control | Total Average Time (days)* |
---|---|---|---|---|
Refundable claims 120 Days | 97% | 37 | 24 | 62 |
Refundable claimant-adjusted claims 240 Days | 95% | 106 | 62 | 168 |
Non-Refundable claims 365 Days | 97% | 80 | 68 | 148 |
Non-Refundable claimant-adjusted claims 365 Days | 93% | 143 | 107 | 250 |
All claims | 96% | 62 | 43 | 105 |
*These timelines do not include situations outside of CRA control.
** The average days within CRA’s control and the average days outside CRA’s control may not add up to the Total Average time due to rounding.