SR&ED Is a financial assistance for companies that uncover new technological knowledge SR&ED stands for scientific research and experimental development.

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Presentation transcript:

SR&ED Is a financial assistance for companies that uncover new technological knowledge SR&ED stands for scientific research and experimental development

Companies Eligible Canadian companies receive a cheque that is equal to the sum of: 1. 68% of the qualifying salaries 2. 41% of the contract expenditures

Help Received Public and non-Canadian companies receive investment tax credits which are useful to pay income tax Typically amounts range from 20,000$ to 500,000$

Non-eligible activities Marketing, sales, advertising Financing, business plan preparation System integration following directions from supplier

Eligible Activities Knowledge received through experimental development Knowledge not attainable through common places such as internet, books or manuals

Science Experts Advices on eligibility of the project completed in the tax year

Science Experts Prepares technical description of the work accomplished

Science Experts Prepares additionally required documentation

Science Experts Amends the tax return to incorporate the proposed changes

Science Experts Keeps track of your claim till your cheque is in the mail