Scientific Research and Experimental Development Tax Incentive Program (SR&ED)
+ You own a business that operates in the conception, production, innovation or integration of products;
+ The R&D activities of your business should be aimed at resolving technological uncertainties;
+ The human capital of your business should consist of engineers and/or technicians.
If you meet all of these conditions, we invite you to keep reading the following, because you could very well be eligible to the Scientific Research and Experimental Development Tax Incentive Program!
The Scientific Research and Experimental Development Tax Incentive Program (SR&ED) applies to Canadian businesses of all sizes and any industries that conduct research and development activities.
Companies, private contractors, trusts, as well as corporations that are settled in Canada can all benefit from this financial incentive from the provincial and federal governments. Your R&D project must however meet the following three (3) criterias in order to be eligible to the SR&ED tax credit:
Your current engineering labour force does not allow you to meet your technology goals. You are facing technological uncertainty.
You are currently working towards an experimental scientific solution to solve the said technological uncertainty.
Your experimental scientific solution has allowed you to achieve new technological advances and to deepen your knowledge in that field.
The progress of the science without any practical practices;
The progress of the science with practical practices;
The technological progress in order to create new material, dispositives, products or processes of improvement;
Any projects that respect the conditions of the other 3 types of activity and that are linked to the operational research, mathematical analysis, computer programming, data collection, tryouts and psychological research.
You could receive a return up to a maximum of 70% for your expenses related to the research and development conducted in Canada (combined rates from the federal and provincial governments).
Every year, they secure over $4 M in SR&ED.
They all have impeccable files according to CRA and RQ representatives.
They handle any tax credit cumulative rules.