SR&ED: the Importance of Security with Your Claim

One of the biggest issues surrounding a SR&ED claim is the importance of keeping sensitive information absolutely secure. SR&ED claims are a synopsis of the innovation and technological advancements within specified industries. The last thing a business owner would like is to see that information shared (accidentally or not), with a competitor.

When considering a third party to aid in your SR&ED filing, be sure to do your homework. Usually these types of contracts are for several years at a time. You want to be sure the company you choose has taken all the proper steps to keep your information safe. 

Here are some items to consider before signing anything.

Is the Company Certified?

When finding the perfect company to handle your SR&ED claim, look for a company that’s not only reputable, but certified. If they have a quality certificate, such as an ISO certification, it shows that they take quality and security seriously. It also shows they understand the needs of the clients and the responsibilities that arise with taking on this type of project.

How is the Information Stored?

When meeting with your consultant, ask about how the online information is stored. Odds are that secure information will be travelling through the web, so you want to be sure it won’t get in the hands of others. Look for signs that the information is backed up on secure servers. Even offline storage systems that seem average (like filing cabinets), should be secured and tracked. 

Of course, security systems are a must. If the information you will be giving the consultant is of the highest security, ask for a tour of the premises.

At Business Improvement Group we’re SR&ED experts. Our clients can be assured that the will be assigned consultants that have a deep understanding of their industry and work with you to recognize unclear and under-claimed qualifying work. From our free on-site assessment to our ongoing assistance with claims, we are with our clients each step of the way. 

You can learn more about us here.

Or request a consultation here.


*The information above is meant for informational purposes only, and not to be used as advice.

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BIG has joined RSM Canada
BIG has joined RSM Canada as of Dec. 16, 2021
As part of RSM Canada, we’ll take the next step in our growth strategy, continuing to help our clients benefit from the credits and incentives services we offer, while enhancing our offerings with additional tax, audit and consulting services and resources.