SR&ED Claim contains:

• Technical section - specific format expected by Canada Revenue Agency 
• Financial section - specific tax forms (Federal/Provincial)

Deadline for filing:

• 18 months from the company's given year end - ALL benefits for the given year are lost if deadline is missed

Revenue Canada Technical/Financial Review :

• Canada Revenue Agency has the right to review the SR&ED Claim
• Technical review done by "experts" in the field

Collection of funds/tax credits from Revenue Canada:

• Unamended Refundable claims - 4 months
• Amended Refundable claims - 8 months 
• Non-Refundable claims (tax credit)  - 12 months