Audit Checklist Mining Details - Swanson Reed | Specialist R&D Tax Advisors in Canada

Do you have records/ documents that demonstrate you carried out the experiment/s for your registered core activity?

Yes
No

Can you explain how you established that the outcome of each experiment could not be determined in advance? (you will need to comment on the knowledge gap that existed when the registered core activity was undertaken.)

Yes
No

Do you have contemporaneous documents to demonstrate that a knowledge gap existed at the commencement of the project?

Yes
No

For experiments that occur in a production environment, can you outline the objective of each core activity?

Yes
No

Can you outline what new knowledge, in the form of new or improved products, processes or services, was produced as a result of carrying out the project?

Yes
No

Can you explain how the new knowledge is more than a simple progression from what is already known or how it is more than applying existing knowledge in a different context or location?

Yes
No

For new mining developments claimed as a core activity, can you describe the hypothesis, experimentation, observation, evaluation and conclusions?

Yes
No

Can you provide documentation which support your core and supporting activities? For example, if this involved the development of new mining processes, the records should show how the company researched and established that no existing processes offered a suitable solution and the reasons why.

Yes
No

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