What is SR&ED?
What is SR&ED?
The Canada Revenue Agency (CRA) provides more than $3 billion in tax incentives to over 20,000 claimants annually, making it the single largest federal program that supports business R&D in Canada. The program encourages businesses of all sizes and in all sectors to conduct research and development (R&D) in Canada. These tax incentives come in three forms: an income tax deduction, an investment tax credit (ITC), and, in certain circumstances, a cash refund.
How can we help?
How can we help?
We prepare your SR&ED claim for the tax authorities so you can focus on running your business.
5 step process to completing an SR&ED claim.
5 step process to completing an SR&ED claim.
Step 1. Analysis of various projects being performed that may qualify for SR&ED.
Step 2. Validate the projects’ eligibility with seasoned professionals to ensure a successful claim.
Step 3. Prepare technical analysis of the various projects through research and interviews.
Step 4. Prepare and document all pertinent expenses that qualify for SR&ED.
Step 5. Finalize all forms and annexes to be submitted with your T2 Tax Returns.