Research and Experimental Development (SR&ED) Tax Incentive Program
creating new products
developing new equipment
developing new manufacturing processes
introducing new materials
modifying existing devices
- improving existing processes?
Then, you may qualify to claim the SR&ED tax credit, and your
business may be eligible for hundreds of thousands of dollars in tax
is SR&ED and How it Works?
Scientific Research and Experimental Development (SR&ED) program is
a federal tax incentive program to encourage Canadian businesses of all
sizes and in all sectors to conduct research and development (R&D)
in Canada that will lead to new, improved, or technologically advanced
products or processes. The provinces including Ontario offer similar
private corporation (CCPC) can earn an investment tax credit (ITC) of 20
to 35% of qualified expenditures for SR&ED carried out in Canada.
Provincial program adds another 10 to 20%.
can we help you?
Research & Consulting will:
Identify your company’s activities eligible for SR&ED tax
Identify all your SR&ED qualified costs.
Prepare technical report.
Prepare tax forms.
with Canada Revenue Agency and attend auditing meetings.