Extension to SR&ED Filing Deadlines
Under the Time Limits and Other Periods Act (COVID-19), the Canada Revenue Agency has received a ministerial order to extend certain deadlines imposed under the Income Tax Act. For more information, go to COVID-19 Ministerial Orders.
The SR&ED reporting deadline is ordinarily 12 months after the filing due date of a tax return. This deadline extension helps companies impacted by COVID-19 by giving them more time to file claims with a deadline that falls during the pandemic.
Fiscal Year 2018
Under this extension, companies are now able to file their previously expired Fiscal Year 2018 claim until the following dates:
| 2018 Fiscal Year End | Extension Deadline to File for SR&ED |
| September 30, 2018 | September 30, 2020 |
| October 31, 2018 | October 31, 2020 |
| November 30, 2018 | November 30, 2020 |
| December 31, 2018 | December 21, 2020 |
Fiscal Year 2019
The SRED extension also extends the claiming deadline for early 2019 fiscal year ends. Companies with January to May fiscal year ends get the following filing extension for their 2019 SRED claims:
| 2019 Fiscal Year End | Extension Deadline to File for SR&ED |
| January 31, 2019 | December 31, 2020 |
| February 28, 2019 | December 31, 2020 |
| March 31, 2019 | December 31, 2020 |
| April 30, 2019 | December 31, 2020 |
Having the SR&ED submission prepared by Fundright will ensure that all eligible work has been claimed and we can maximize the return. We will work with you to ensure that you have systems in place for ease and accuracy of your claim preparation following your normal workflows.
