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SR&ED Consulting

What is the SR&ED Tax Incentive Program?

The SR&ED tax credit is offered by the Canadian Revenue Agency to encourage businesses to conduct research and development by offering tax benefits.

The SR&ED tax credit is offered in two ways:

  1. Allowing you to deduct qualifying expenses incurred from research and development activities
  2. Offering an investment tax credit that reduces the amount of your payable income tax

Deductible expenses include:

  • Salary or wages
  • Material expenses
  • Overhead and other expenses
  • Third-party payments

What kind of work qualifies for the SR&ED tax credit?

To qualify for the SR&ED tax credit, your research, with or without practical application, should be conducted with the goal of advancing scientific knowledge.

Examples of qualifying research projects include:

  • Prospective studies
  • Retrospective chart review
  • Systematic review and meta-analyses

SR&ED Research Consulting Services

Since the requirements for filling out SR&ED application are often confusing and complex, our consulting service was designed to help physicians and small organizations to navigate SR&ED claim preparation. We are offering the following:

  • Review SR&ED eligibility criteria
  • Clarify which project and expenses will qualify
  • Review all required documentation
  • Completion of the SR&ED application

Please contact us for more information