What is SR&ED?
The SR&ED ITC is a longstanding tax incentive program aimed at promoting the advancement of technology in Canada of all sized and in sectors and administered by the Canada Revenue Agency (CRA).
SR&ED claims are processed in a timely, consistent and predictable manner while encouraging businesses to prepare their claims in compliance with Canada’s tax laws and CRA’s policies and procedures.
We have filed numerous successful SR&ED ITC claims for our clients.
How we can help?
We offer the following services relating to the SR&ED program:
Establishing Criteria for Differentiating SR&ED work
Identifying Eligible R&D Projects
Identify eligible SR&ED costs by project
Prepare the technical reports for SR&ED projects
Prepare the necessary tax return and schedule to ensure your return is optimized
Develop and review your project descriptions to ensure that is in compliance with CRA standards
Assist in CRA Technical and Financial Reviews
Benefits of SR&ED ITC incentive:
This refund is normally available regardless if you have paid any corporate tax and therefore, represents new money to your company.
Eligible companies can recover up to 68% of qualifying expenditures in refundable or non-refundable tax credits in BC