SR&ED
Scientific Research and Experimental Development ConsultingТhe Scientific Research & Experimental Development (SR&ED tax credits) is a federal tax incentive program introduced in the 1980s.
The program encourages businesses of all sizes to conduct research & development to create new or improve existing products, processes, principles, methodologies, or materials.
What can you recover?
The eligible companies in Alberta and British Columbia can recover up to 64% of SRED qualifying expenditures in refundable or non-refundable tax credits. These expenditures include materials, salaries as well as sub-contractor fees.
Are you SR&ED eligible?
In order to be eligible for SR&ED, your project must meet these three criteria:
- Technical Content
- Technological Uncertainty
- Technological Advancement
Here are a few questions that we use to determine whether your project is SR&ED eligible:
- If you are you involved in design, engineering, data collection or
testing. Also, have you ever designed or developed new software? - Have you created a new product, added some features to an existing product or made an improvement?
- Have you changed a process to reduce costs?
- Have you incurred costs related to a project, prototype or process that has been incomplete because of existing technical problems?
If the answer is still ‘yes’ we can go through your project in more detail and provide an estimate of your potential return.
SAU Consulting can handle your SR&ED claims for you
At SAU Consulting, given our technical background and SRED experience, we are able to translate your work into a format understood by the CRA.
Also, we are able to prepare the claim with minimal time commitment from your end.
By staying engaged throughout the year to identify SR&ED eligible work on an ongoing basis, we’re not looking back at the year-end. This enables us to provide financing opportunities that may apply and also to provide information on other technology grants.
We are giving the same attention to every client engagement. We can handle your entire claim on a contingency basis, or we can review and provide feedback on a claim you’ve prepared internally.
The Canadian Scientific Research and Experimental Development Tax Incentive Program (SRED or SR&ED) is a support extended by Federal and Provincial governments in Canada for businesses who conduct Scientific Research and Experimental Development in Canada.
Every year the programme provides over $ 4.0 Billion to around 18,000 claimants. At SAU consulting we can help optimize your SR&ED claim and ensuring minimum levels of administrative burdens. We always travel to our client’s premises to do the work and that’s the reason have a portfolio of clients Nationwide.
Our combined expertise of industry expertise, tax and accounting knowledge, and process methodologies enable our clients to maximise SR&ED Investment Tax Credits. We work on a no win no fee basis and only charge a pre-agreed percentage once the client has received the credit from the government.