SR&ED Tax Credits:
Maximize your claim with our team of experts

SR&ED meaning is “Scientific Research and Experimental Development,” a Canadian tax incentive program that supports businesses engaging in research and development activities. This program provides financial benefits through tax credits or refunds, helping businesses cover R&D costs and reinvest in innovation.

To be eligible for SR&ED Tax Credit in Canada, your work must be performed within the country and satisfy these two criteria:
The work should aim to advance scientific knowledge or achieve a technological advancement.
The work must involve a systematic investigation or exploration in a scientific or technological field, conducted through experimentation or analysis.

SR&ED consultants at Leyton provide strategic guidance to help you maximize the benefits of the SR&ED program. Leveraging deep expertise and a tailored approach, our consultants ensure all processes align with CRA standards, meticulously handling essential tasks to manage your tax incentive program with precision. At Leyton, we go beyond traditional consulting by adapting our services to the unique needs of each client, from identifying eligible activities to optimizing claim submissions. Our hands-on approach means you gain more than just compliance; you get a trusted partner committed to unlocking the full potential of your innovation efforts.

Your SR&ED claim will undergo processing within 60 calendar days from the moment our sred consultants at Leyton receive both your completed claim and your income tax return for the respective year.
For refundable claims chosen for review, the process is generally completed within 180 calendar days from the date we receive your complete claim.

This report outlines Research & Development (R&D) activities and their associated expenses. The core of the R&D Tax Credit lies in linking financial costs to technical research activities. This connection is the foundation for claiming the credit on tax returns. Without this link, the credit is invalid, and this is where Leyton’s technical report plays a vital role.

Filing for the SR&ED Tax Credit does not inherently raise the likelihood of an audit. However, whenever you make changes or amendments to your tax returns, there is a marginal increase in the audit probability. What truly matters is having a proficient team with audit defense expertise to support and safeguard your interests.

The Ontario SR&ED program complements federal R&D tax credits, offering additional refunds for eligible R&D activities performed in Ontario. Companies conducting scientific innovation or technological advancement can benefit significantly from this program.