Your costs may be eligible for reimbursement – We can show you how.
You could recoup up to 64% of eligible employee costs, up to 42% of material costs and up to 33% of sub-contractor costs.
Introduction: Understanding the importance of contemporaneous documentation in the Scientific Research & Experimental Development (SR&ED) process is crucial for maximizing your tax credit claims. The Canada Revenue Agency (CRA) emphasizes the significance of...
A SIMPLIFIED GUIDE Arm's length contract expenditures for Scientific Research and Experimental Development (SR&ED) in Canada involve expenses paid to unrelated parties, like third-party contractors or consultants. These expenditures are easier to claim compared to...
Non-arm's length expenditures for Scientific Research and Experimental Development (SR&ED) refer to expenses made to related parties like parent companies, subsidiaries, or affiliates. To qualify for the SR&ED tax credit in Canada, these expenditures must be...
The maximum SR&ED refund for the provincial level varies by province. There are two provinces with a maximum refundable SR&ED tax credit: British Columbia: CAD $300,000 Newfoundland and Labrador: CAD $188,348 All other provinces and territories offer...
Introduction: To qualify for SR&ED tax credits in Canada, businesses must adhere to specific legal requirements. Understanding and meeting these criteria is crucial for successful application and compliance. This article outlines the essential legal aspects of...
The Scientific Research and Experimental Development (SR&ED) Tax Incentives Program in Canada fuels innovation and economic growth for businesses engaged in specific research and development (R&D) activities. By leveraging SR&ED, companies can enjoy...
At SRED Consultants, we understand the significance of testing activities in your R&D projects. Did you know you can claim testing costs for SR&ED tax incentives in Canada? Here’s how we help you make the most of your testing-related expenditures: Relevance to...
Wondering if your equipment expenses qualify for SR&ED tax incentives in Canada? The answer is yes! Businesses can claim the costs of eligible equipment used directly in their R&D activities. Here’s how to ensure your equipment-related expenses work in your...
Navigating the world of SR&ED claims demands clarity and integrity. A fraudulent SR&ED claim involves submitting false or misleading information to gain unmerited tax incentives. Here's why you need to be cautious and how to avoid the pitfalls:...