How to file
SREDDY prepares the claim. It does not e-file — nobody can, because an SR&ED claim is part of your corporate tax return. Here is what you get, who it's for, and the last mile.
What's in the package
A plain-language summary of the claim and its value, then the keying sheet: every T661 line, Schedule 31 and — for an Alberta company — the Schedule 29 / AT4970 figures, in the order tax software asks for them, each with its derivation.
A workbook an accountant can audit cell by cell: T661 Parts 3–5, Schedule 31, the Alberta schedules per project and per step where the grant applies, the keying order, assumptions & warnings, where every imported figure came from, and the parameter year used.
Your project write-ups as a Word document, one per project, in your words and within CRA's word limits. Plus an optional filled T661 to review — it needs Adobe Acrobat or Reader, and every figure on it is already on the keying sheet, so it is there for accountants who want it rather than something you need.
The last mile — three ways
Send them the package folder. Everything they type into the T2 (T661, Schedule 31, and Schedule 49 if associated) — and, for an Alberta company, the AT1 Schedule 29 — is on the keying sheet. Most accountants who don't "do SR&ED" are happy to key a finished claim; SREDDY's working papers are what they'd want to see.
In your tax software (TaxCycle, Profile, Cantax, etc.), open the T661 and Schedule 31 and type the keying-sheet values line by line; paste each project's narratives into the Part 2 text fields. In Alberta, also open the AT1 and complete Schedule 29 from the same sheet. File the T2 (and the AT1) as usual.
Bison & Bird can connect you with accountants who will key a SREDDY package at a flat rate, or our certified team can walk through the filing with you. Email us.
Deadlines, plainly
The T661 and Schedule 31 must reach CRA within 18 months of your year end (6 months if your corporation is tax-exempt). The Alberta Schedule 29 must be received by Alberta TRA within 15 months of the AT1 due date — which is 21 months after year end, and a receipt deadline, not a postmark. SREDDY's status card shows both with days remaining; file the T2 on time and the SR&ED schedules ride along.
Missing the 18-month deadline forfeits the expenditures for that year. Missing the Alberta deadline forfeits the grant. There are no extensions for either.
After you file
CRA reviews some claims. If they write to you, come back to SREDDY — the package includes the evidence list (time records, contracts, design docs) keyed to the questions CRA asks, and SREDDY will help you prepare the response. Information requests usually give 30 days; keep the folder.
The Alberta grant is paid after CRA accepts the federal claim and TRA confirms the work was done in Alberta.