Manufacturing has traditionally been a prime area eligible for SR&ED Tax Credits. With its inherent focus on innovation, process improvement, and technological advancement, the manufacturing sector continually generates opportunities for qualifying research and development activities. As a result, manufacturing companies have long benefited from the incentives provided by SR&ED tax credits to drive innovation and remain competitive in the global marketplace.
SR&ED Indicators
When developing a product, or carrying out your manufacturing process, it is crucial to think of these indicators in terms of eligibility for SR&ED Tax Credits:
- Are you developing, or improving upon, a new product?
- Are you creating, or improving upon, a new process?
- Are you developing custom machinery?
- Are you developing prototype equipment?
- Is the development subject to a patent?
SR&ED Eligibility Criteria
Further to this, the following three criteria must be met to be eligible for SR&ED:
- Scientific OR Technological Advancement
- Scientific OR Technological Uncertainty
- Scientific OR Technological Content
Case Study: SR&ED Claim for Manufacturing
Please take a look at our case study (below) to see how we successfully maximized a SR&ED claim for one of our manufacturing clients. Our proprietary process not only reduces the time your staff spends on documentation but also provides protection in the event of a CRA audit. We have over 37 years of experience preparing claims for companies across all industries, but with particular strength in the manufacturing industry.
Click here to save/download the case study.
Case-Study-Manufacturing-Optimizing-SRED-with-RDP-AssociatesEligible SR&ED Areas of Manufacturing
Here is a list (of some) of the many eligible SR&ED areas of manufacturing:
- 3D Printing/Additive Manufacturing
- Advanced Materials
- Aerospace and Defense
- Automation
- Automotive / Parts
- Building Materials
- Chemical
- Clean Technology
- Electronics
- Equipment
- Food Processing Equipment Manufacturing
- Furniture and Fixtures
- Industrial Machinery
- Lighting
- Machining
- Metallurgy
- Nanotechnology
- Plastics
- Power and Energy
- Renewable Energy
- Robotics
- Textiles and Apparel
- Window and Door
Click here to see the Federal Government’s guide on the types of work that are eligible for SR&ED Tax Credits.