SR&ED Tax Credit
Finance your SR&ED project
Generate innovative ideas and projects within your organization
The Scientific Research and Experimental Development (SR&ED) tax incentive encourages Canadian businesses (all sizes and all sectors) to conduct Research & Development in Canada. Each year, there are over 20,000 SR&ED claimants annually, be one today.
Obtain a deduction or credit based on income expenditures and costs associated with R&D activities.
The Federal Credit rate varies between 15 and 35% depending on
- Previous year’s taxable capital
- Private/Public and Canadian controlled or not
- Provinces may also offer a complimentary credit
Our process
1
Contract Signature
Assign a consultant for your project.
2
Kick off
Meet with the consultant and gathering information on site or virtually.
3
Technical review
Assess eligibility & expenses for each project. Continuous communication with consultant as part of the preparation.
4
Claim preparation
Write technical reports and analyse financial data. Then your claim is send to your accountant for sbumission to the Government authorities.
5
Assistance
In case of an audit, our team prepares and advises you (tax and/or scientific audit).
6
Follow-up
Track claims submitted until final payment of tax credits by requesting authorization to your company.
Do I qualify
- Be a for-profit company based in Canada
- Basic research
- Applied research
- Experimental development
Eligible Expenses
- Salaries paid to technical employees directly performing SR&ED activities
- Sub-Contractors located within Canada
- Materials consumed during testing
