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.
Save your time!
We'll identify your activities that qualify for SR&ED, and together determine the amount of cash your company is eligible to receive.
Be confident the CRA will approve your SR&ED claim
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.
Systematic Investigation
Designs, tests and plans.
Data analysis
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.
Building prototypes
You’ll recover 41.5% of the costs of physical materials “consumed”.
Supervising others
75% of your CEO’s time can qualify for SR&ED.
The CRA will want to know
"Why" and "How” you performed your activities:
Below are the CRA's new buzz-words:
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, different from normal business objectives.
Your SR&ED claim must be clear, concise and complete,
for the CRA to approve it promptly.
We’ll identify eligible expenses in your General Ledger.
Then I’ll send a Word Document containing all SR&ED data for your accountant to enter into your T2 corporate income tax returns.
Save your time
The CRA is more likely to approve your SR&ED claim with my help.
Use my proven templates
The CRA has approved them many times.
Include all your eligible expenses
Don’t overlook any.
We'll prepare your SR&ED claims fast
So you’ll receive your non-dilutive cash injection quickly
And we'll be prepared to defend them...
We’ll be ready if the CRA asks questions.
...so you'll be confident you'll receive your cash
I understand how how the CRA’s arcane rules will apply to your circumstances..
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Other SR&ED consultants need
an accountant and a technical writer.
Save your time, pay lower fees,
and receive better results faster.