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Scientific Research & Experimental Development (SR&ED)
Are you missing out on one of the world’s most generous financial incentive programs that might be right at your finger tips?
Get back up to 68% of your Payroll wages & salaries in tax refunds and 45% of other expenses !!!!!
Book your free consultation and assessment today !
Facts About the Program ...
Canada is the most generous of the G-8 nations in after-tax cost of industrial research and development activities.
The SR&ED program is the largest single source of federal government support for research and development, accounting for about 25% of all federal spending.
According to 2010 statistics, around $6 billion dollars per year were awarded to over 20,000 claimants through cash and refundable tax credits. This translates to an approximate average of $300,000 per year per claimant.
From $0.18 to $0.68 of every dollar spent on research and development can be recovered with recovery of up to $900,000 or more per year depending on the claimant’s status and level of activity.
Businesses of any size can make a claim and there is no cap on the program.
About 75% of claimants are small and medium size businesses receiving refundable cash payments.
Who is Eligible ...
Refunds and/or tax credits are normally received, on average, after filing your claim:
Claims must be completed and filed within 18 months after the end of your fiscal year, during which the R&D activity took place (e.g. can file a Dec 31, 2008 claim anytime before June 30, 2010).
Cash and refundable tax credit incentives received include:
What Activities Generally Qualify ...
For a project to be eligible, it must generally:
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