Canadian founders are missing out on SR&ED tax credits because their bookkeeping is not set up to capture eligible R&D expenditures contemporaneously, leading to costly retrofitting and audit risk.

Workarounds Described

• reconstructing transactions in December when accountant asks
• using year-end estimate for labour allocation instead of contemporaneous tracking

Implied Software Gaps

• Automated tracking of R&D labour hours at source to avoid retroactive allocation
• Real-time expense categorization for SR&ED-eligible cloud infrastructure vs production

SR&ED AutoClaim

A bookkeeping add-on that automatically tags R&D labour hours and eligible expenses at the point of entry, generates contemporaneous documentation, and pre-fills the T661 claim form to maximize refunds while minimizing audit risk.

Existing Solutions Mentioned