Scientific Research & Experimental Development Tax Incentive Program in Canada
The SR&ED program is administered by the Canada Revenue Agency (CRA) and uses tax incentives to encourage Canadian businesses of all sizes and in all sectors to conduct Research and Development (R&D) in the country. The SR&ED team at Crowe MacKay is made up of Technical Specialists, Financial Specialists, and Tax Specialists who have extensive experience in the Engineering, Life Sciences, and Information Technology sectors.
At Crowe MacKay, we take the time to learn about your business, your team, and the key drivers that contribute to the success of your operations. We then use this information to establish a foundation to prepare your SR&ED claim. To file a strong claim, we will assist in grouping your eligible work into one or more SR&ED projects and must understand how your company works to develop a claim that is driven by its functions and actions. From the data, we gain a better understanding of what SR&ED projects exist and what should be claimed in CRA's program. We will guide you, identifying any weaknesses in your documentation per our information gathering process and work together to strengthen your claim.
Our objective is to assist you in obtaining the advantages from government incentives. Once SR&ED work has been determined by our specialists, you may be eligible to receive benefits in the form of a refundable Investment Tax Credit (ITC), a reduction of taxes payable, or both. The federal and provincial tax credits you receive may be as high as 64% of your salary-based eligible expenditures.
Our team can assist you with all of your SR&ED requirements.
Some examples of this support include:
When submitting an SR&ED claim, it's important that it follows the CRA's application process and fulfills the eligibility requirements. Our specialists can help you gather the documentation you need to support your SR&ED claim and create a framework for the projects you're claiming.
A business may encounter discrepancies between its claim and the CRA's eligibility requirements in various cases. Our experts can assist you in negotiating and resolving disputes with the CRA to ensure you receive the maximum return on your SR&ED claim.
The CRA uses its “Five Questions” to determine SR&ED eligibility. These questions are:
SR&ED Service Team
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