Does your organization conduct SCIENTIFIC RESEARCH or EXPERIMENTAL DEVELOPMENT?

Your costs may be eligible for reimbursement – We can show you how.

Call Us: 778-433-4925

You could recoup up to 64% of eligible employee costs, up to 42% of material costs and up to 33% of sub-contractor costs.

Home / SR&ED Blog / News / Capturing Foreign SRED Costs

Capturing Foreign SRED Costs

While government-sponsored programs in Canada are mainly funding work done in Canada, some foreign-based work may be funded also. For example, if you have an SRED eligible project, a small percentage of your wage costs can be on account of employees outside the country. If you are claiming SRED on the traditional filing basis rather than the proxy basis, travel expenses to get you to a foreign location to attend work done there may be eligible so long as those expenses are for the needs of the project.

The Strategic Innovation Fund will recognize foreign costs to the extent that they do not exceed 15% of the total project costs.

The best thing when examining the eligibility of your costs for funding is to not make assumptions. Ask questions: contact us.

Related Information

CRA AUDITS ARE NO PROBLEM WITH THE RIGHT PREPARATION

The thought of a Canada Revenue Agency (CRA) audit can send shivers down the spine of even the most confident business owners. Concerns about compliance, documentation, and potential financial repercussions often lead to sleepless nights. But here's the good news:...

read more

MANUFACTURERS: ARE YOU MAXIMIZING YOUR SR&ED CLAIMS?

To help manufacturers maximize their SR&ED (Scientific Research and Experimental Development) claims, they can follow these strategies: 1. Identify All Eligible Projects Many manufacturing activities qualify for SR&ED but go unnoticed. Ensure your team is...

read more