Scientific Research and Experimental Development (SR&ED) Tax Credit

Canada has one of the most generous R&D incentive programs in the world. Over $3 billion in tax refunds and credits are awarded annually to over 18,000 businesses.

Are you taking advantage?

Through the Scientific Research & Experimental Development (SR&ED) Tax Credit Program the Canadian government, through the Canada Revenue Agency (CRA), rewards companies and individuals that competitively position Canadian businesses at the forefront of global technological advancement.

Are you:

• Designing a better product or process?
• Improving an existing one?
• Discovering a new way to manufacture your products?
• Developing custom machinery or a prototype?
• Facing technological uncertainty and the need for advancement?

Have you:

• Applied for a patent relating to developed technology?
• Designed application software, or an operating system?
• Developed or improved on new database management?
• Created new software architectures, design, algorithms, techniques or constructs?

If you answered 'yes' to any of the above questions, you could recover from 20% to almost 45% of the research & development costs associated with that work through Federal and Provincial R&D incentive programs.

The definition of 'technological advance' is broad, allowing many companies in a variety of industries to participate in the program.

Many businesses in the manufacturing, food & natural science, engineering, agriculture, automotive, electronics, and I/T sectors have pursued this critical source of funding. Surprisingly 70% of eligible companies advancing their technical knowledge have not. And those companies who do file an internally prepared claim to the program often fail to maximize the total credits available to them.

Impact 360 can help. With our proven methodology, non-intrusive approach, and client-centric focus, we maximize your entitlement under this generous incentive program.

We understand the SR&ED claim process. We utilize tenured professionals, fully conversant with Canada Revenue Agency's current SR&ED legislation, policies and guidelines, and their practical application.

Working as your trusted advisor, we navigate the complex application and appeal process for you. We scope and qualify each potential project, gathering and preparing the technical, financial, and tax submission details for you so that you and your team can focus on your bottom line.