SR&ED Request
Did you know that as a business, you are entitled to several grants and tax credits to help you in the realization of your projects? To take advantage of them, however, you must fill out all kinds of forms and requests, as well as meet several criteria that can be very complicated. You have your own specific area of expertise; we have ours. Let us help you demystify grant and tax credit requests, and thus, avoid many hours of work.
What you need to know about SR&ED
Every year, more than 20,000 Canadian companies receive financial incentives from the SR&ED (Scientific Research and Experimental Development) tax credit. Indeed, companies in all sectors of activity can benefit from it provided they meet certain criteria. And if your company conducts projects with activities related to pure research, applied research, or experimental development, you could be entitled to it.
The decision-making entity, the Canada Revenue Agency (CRA) in this case, ensures that claims are verified and requires contemporaneous documentation of work performed, namely a register of hypotheses developed and tested, test reports, and timesheets, to name a few. So make sure you have everything in your possession and document your process as much as possible during the work and not after the fact. To discover more about the specifics of this tax credit, feel free to consult our SR&ED page dedicated for this purpose.
Maximize your returns with professionals
The financial world is sometimes very complicated, especially if it is not an integral part of your daily life. That's why working with professionals for your request for the SR&ED tax credit or any other grant is also synonymous with peace of mind. Indeed, Avinova's experts made up of engineers, scientists and financial analysts allow you not to break your head with the jargon of the financial universe. Thanks to their expertise, knowledge and experience, our experts are able to analyze your business needs and projects in progress in order to maximize your returns on available grants and tax credits. Here are some advantages of collaborating with professionals for your SR&ED tax credit requests.
- They are able to fill out your requests for you, so that there are no errors and you are not missing any documentation to send. Each grant and each tax credit is extremely specific and requires very rigorous attention to avoid inaccuracies or omissions. If a request is refused by the decision-making entity, the steps will become even more complex. That's why it's very advantageous to entrust this task to professionals, who have all the tools necessary to fill out these requests in good and due form, and thus ensure you a return. At Avinova, 99% of requests filled out by our experts are accepted as claimed.
- Once the requests are filled out according to the criteria in force, our experts push the task even further in order to maximize the returns you can benefit from. Indeed, they are in a position to analyze your requests in order to derive the highest profit. To do this, they will conduct an exhaustive study of your expenses, whether direct or in support, and will try to maximize your returns on the SR&ED tax credit.
- In addition to securing more than $4M in SR&ED tax credits each year, our experts are able to combine this request with several other incentives. If the SR&ED tax credit is not the most optimal for your needs, they will be able to target other incentives that, combined with SR&ED, could prove more beneficial to your company.
Contact Avinova experts: the solution to guarantee a maximum return
At Avinova, our team of seasoned experts is able to support you in your tax requests, whether SR&ED or any other tax credit or grant request. With a complete and well-filled request, you are assured of having a maximum return. Benefit from all the incentives available to you and don't let the nuances or complications of requests intimidate you: we are here to help you. Book a free consultation with one of our advisors now and let's discuss your project. We definitely have the tools to support you.