Scientific Research & Experimental Development  Tax Incentive (SR&ED)

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.

Our SR&ED team makes your company’s success a priority

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.

SR&ED Program Benefits

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.