SR&ED CONSULTING
Assisting Our Clients in Accessing SR&ED Tax Benefits
Your daily efforts to innovate and outpace competitors, may qualify for the Scientific Research and Experimental Development (SR&ED) incentive program. . This Canadian government program motivates businesses of all sizes across various industries to engage in research and development activities, from developing new products, to improving processes, and solving customer challenges, by offering tax incentives.
Reclaim Over 1/3 of Qualifying Expenses
Through the SR&ED program, companies can recoup over 1/3 of eligible costs, either as a cash refund or a tax credit. Canadian Controlled Private Corporations (CCPCs) enjoy enhanced benefits, with the potential to recover substantial percentages of expenses in Ontario;
– qualifying labor costs
– qualifying material costs
– qualifying contractor expenses.
The SR&ED program is accessible to Canadian businesses across all sectors that engage in solving technical challenges. We are ready to take you through the SR&ED claim process to maximize your benefits.
Call us at 1 (833) 346 3676 or email at [email protected]
Many Types Of Work May Qualify For SR&ED
SR&ED-eligible projects encompass efforts aimed at addressing technological challenges or uncertainties when existing solutions are inadequate. To qualify, such work must enhance scientific or technological comprehension, tackle uncertainties in these domains, and involve a methodical investigation conducted by qualified personnel.
Tasks eligible for SR&ED involve
Research and development aimed at creating or enhancing materials, devices, products, or processes.
Applied research undertaken for a specific practical purpose.
Basic research aimed at expanding scientific knowledge without targeting a specific practical application.
Support activities such as engineering, design, operations research, mathematical analysis, computer programming, and data collection.Our process includes
Carry out a preliminary informal evaluation to determine if your project might be eligible for SR&ED.
Conduct interviews with your staff to pinpoint projects that could fulfill CRA eligibility requirements.
Efficiently collect data from your team for SR&ED reporting.
Draft a technical SR&ED report summarizing how your claim satisfies the SR&ED eligibility criteria.
Fill out all required CRA forms to successfully submit an SR&ED claim.
Work with your accountant to determine the costs associated with the projects.
Offer strategic advice to enhance your overall SR&ED approach.