SR&ED Program
The Scientific Research & Experimental Development Program (SR&ED) is one of the most beneficial of those offered by Canada Revenue Agency. Most eligible companies are not aware of the program. Successful applications benefit from a reimbursement of 55% to 70% of the costs associated with SR&ED.
In order to benefit from these tax incentives, companies must include a properly completed tax credit claim form with their income tax return. Corporations have up until 18 months from the end of the tax year to claim the incentives. Companies must also submit reports detailing the technological objectives of the eligible project, as well as outline the development, research or problem-resolution processes used, and the technical or scientific advancement achieved through the project. We manage the entire claim process for you, learn more about our SR&ED tax credit services.
Eligible tasks:
- Development or improvement of products, processes or equipment;
Eligible expenditures:
- Salaries related to eligible activities;
- Sub-contracting in development and related fields;
- Materials consumed during testing;
- Other expenses: rentals, capital expenditures, etc...
Do you want to know...
- Which of your R&D tasks are eligible?
- Can your sub-contracting costs be claimed?
- What is the definition of 'consumed material'?
We put our knowledge to use for you. For a free evaluation, contact us, or fill out the form on our contact page.
