Scientific Research & Experimental Development (SR&ED) Tax Credit
Let us help you with your SR&ED tax credit procedures.
To find out if you have access to SR&ED tax credits, you must meet the following conditions:
- + Own a business and its activities consist of designing, manufacturing, innovating or integrating products;
- + Your company's research and development activities must be aimed at resolving a technological uncertainty;
- + Your company's human capital must consist of engineers or technicians.
If you meet all these conditions, we invite you to continue reading, Scientific Research and Experimental Development tax credits could very well be for you!
What is it?
Scientific Research and Experimental Development (SR&ED) tax credits are available to Canadian companies of all sizes and sectors to conduct research and development activities. Corporations, individuals, trusts and members of a partnership established in Canada can all benefit from these federal and provincial government incentives. However, your R&D project must meet three criteria to be eligible for SR&ED tax credits:
Current engineering does not allow you to achieve your technological objectives. You face a technological uncertainty.
You follow an experimental scientific approach to resolve the technological uncertainties encountered.
Your experimental approach has allowed you to achieve new technological advances and deepen your knowledge base.
SR&ED Eligible Activities
Pure Research
The advancement of science without any practical application in view.
Applied Research
The application of science with practical application in view.
Experimental Development
Technological progress for the creation of new materials, devices, products or processes or improvement.
Support Activities
Work that meets the conditions of the 3 other types of activity and that is related to operational research, mathematical analysis, computer programming, data collection, testing and psychological research.
Let our specialists help you complete a successful SR&ED declaration
Trust our experts because...
Every year, they secure $4 million in SR&ED.
They have outstanding files according to feedback from CRA and RQ representatives.
They master the rules for combining tax credits.