Accounting & BookkeepingBookkeeping3MediumFounder$ implied
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.
Existing accounting software does not natively support tagging R&D labour at source or separating eligible vs non-eligible cloud infrastructure costs for SR&ED claims.
44
0
Opp. Score
44
Severity
3Medium
Willingness to Pay
implied
Added
Jul 2, 2026
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
App Concept
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.
Key Features
- Automatic labour allocation tracking for R&D vs non-R&D at payroll level
- Separate expense categories for SR&ED-eligible cloud infrastructure, materials, and contractor costs
- Real-time dashboard of qualified expenditures and estimated refund
- Integration with QuickBooks, Xero, and Wave for seamless data sync
- Audit-ready documentation export with contemporaneous evidence
Target Users: Canadian software startup founders and their bookkeepers who want to maximize SR&ED tax credits without manual tracking.
Revenue Model: $99/mo subscription per company, includes one claim support session per year
Existing Solutions Mentioned
accountant
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