SR&ED TAX CREDITS
SR&ED cash =
Should your company also receive cash from SR&ED?
Canadian Controlled Private Corporations receive $3 billion of Scientific Research and Experimental Development (SR&ED) tax credits every year.
- Save time!
We'll identify your activities that qualify for SR&ED, and together determine the amount of cash your company is eligible to receive.
- Become confident
We'll explain why your activities qualify, and identify the SR&ED-eligible expenses in your General Ledger.
What qualifies for SR&ED?
You need to have generated new technical knowledge in your field and learn the CRA’s jargon:
“Technological Uncertainties” are problems that you couldn’t solve by applying generally-available knowledge;
“Technological Advancements” are solutions to those problems, the new technical knowledge that you generated.
Salaries of your employees
You’ll receive two-thirds of salaries incurred to generate new technical knowledge.
Systematic investigation
Validating your hypothesis.
Documention
Recording of who did what, and when.
Fees paid to contractors
You’ll receive one-third of fees you paid to contractors.
Prototypes
You’ll also recover 41.5% of the costs of physical materials “consumed”.
Supervision
75% of your CEO’s time may qualify for SR&ED.
The CRA needs to understand
"Why" and "How” you performed your activities
The CRA's "Why” requirement:
You must have tried to learn new things that did not initially understand. Merely applying existing technology does not qualify.
The "How” requirement:
You must have tested potential solutions, measured results, and analyzed data.
How can a former CRA auditor help?
The CRA’s perspective is arcane.
Your project descriptions need to be clear, concise and complete to avoid an audit
You and I will identify all your eligible expenses.
I’ll prepare all the SR&ED data for your accountant to enter into your T2 corporate income tax returns.
Save a LOT of time
You won’t have to try to understand the CRA’s complicated rules on your own!
Use my templates
The CRA has blessed them.
Claim ALL your SR&ED expenses
We won’t omit any.
Much less effort
You’ll receive your SR&ED money fast!
Anticipate the CRA's questions
… and answer them in advance, reducing the possibility of an audit.
Become confident
You’ll understand how the CRA’s arcane rules apply.
what MY clients say
Testimonials
You'll be very efficient.
My competitors all require TWO people: an accountant and a technical writer, Maybe a salesman too!
They’ll consume your time unnecessarily.
I deliver better results… faster, and you’ll pay lower fees.