You’ve just submitted your first SR&ED tax credit claim and naturally, you’re feeling a bit anxious. Will you get audited? A few months later, you receive a call from an SR&ED auditor at the CRA, wanting to talk. Your mind may race with questions: Are...
The SR&ED tax credit program is a valuable financial incentive that helps Canadian businesses offset the costs of research and development (R&D). However, to successfully claim SR&ED tax credits, companies must provide technical narratives for each project...
Technology is always changing, and it’s easy to forget that these advances impact every industry. When we think about SR&ED tax credits, tech and manufacturing companies usually come to mind first, which makes sense since about 80% of claims come from these...
Navigating the world of SR&ED (Scientific Research and Experimental Development) tax credits can be challenging. But with our Innovation Connection Program, you’re not just making the most of your R&D investment—you’re simplifying the process and setting...
At the end of the government’s 2023-2024 fiscal year, software development accounted for the largest number of SR&ED claims representing 39.3% of all claims filed. Second to software development was electrical engineering at 15.6%. Clearly, year over year...
As most advisors know, the SR&ED tax credit program applies to a wide variety of industries and businesses. Our experience is that work involving medical research generally meets the SR&ED tax credit criteria as many technological uncertainties need to be...
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