SR&ED TAX CREDITS
SR&ED cash =
Does your company qualify for SR&ED?
Canadian Controlled Private Corporations receive $3 billion of Scientific Research and Experimental Development (SR&ED) tax credits every year.
We'll identify your activities that qualify for SR&ED, and together determine the amount of cash your company is eligible to receive.
We'll explain why your activities qualify, and identify the SR&ED-eligible expenses in your General Ledger.
What activities qualify 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.
Designs, tests and plans.
Measuring something, to validate a hypothesis.
Documenting your activities
Recording of who did what, and when.
Time spent by contractors
You’ll receive 33.2% of fees you paid to contractors located in your province.
You’ll recover 41.5% of the costs of physical materials “consumed”.
75% of your CEO’s time can qualify for SR&ED.
The CRA needs to know
"Why" and "How” you performed your activities
The "Why” requirement:
The reason why you performed your activities must have been to learn new things about the technology you utilize, not merely to apply existing technology.
The "How” requirement:
You must have attempted to understand new things that you did not know when you began, by testing potential solutions, measuring results and analyzing data.
Why should you hire a former CRA auditor?
I’ll simplify SR&ED for you.
The CRA’s perspective is arcane. It’s academic, different from normal business objectives.
Your project descriptions will be clear, concise and complete.
We’ll identify expenses that qualify in your Ledger, then Ill send SR&ED data for your accountant to enter into your T2 corporate income tax returns.
Save your time
You won’t have to decipher CRA’s rules on your own
Use my templates
The CRA has blessed them.
Include all your eligible expenses
We won’t overlook any.
We'll prepare your SR&ED claims fast
You’ll receive your cash injection quickly
And we'll defend them together
We’ll have anticipated the CRA’s questions.
You'll be confident your cash will arrive.
You’ll understand how the CRA’s arcane rules apply.
what clients say
Interact with just one person
Other SR&ED consultants need
an accountant and a technical writer.
Save your time, pay lower fees,
and receive better results faster.