Unlock Your Growth with Proven SR&ED Tax Expertise
Our expert SR&ED services help Canadian businesses unlock substantial tax credits to fuel research and development. With ResearchQX, navigate the complexities of the SR&ED program with precision and efficiency.
Understanding Canadian SR&ED Tax Incentive
About SR&ED Tax Incentive
The Scientific Research and Experimental Development (SR&ED) Tax Credit is a Canadian government incentive supporting innovation. Eligible R&D activities can yield substantial financial relief, with Canadian-controlled private corporations (CCPCs) reclaiming up to 35% of qualifying costs, and other non-CCPC businesses up to 15%.
Who is Eligible for SR&ED claim?
SR&ED credits are available to Canadian businesses across sectors working on new or improved products, processes, or technologies. Eligible costs include wages, materials, overhead, and contractor fees, helping Canadian companies gain a greater return on their R&D investments and fuel ongoing innovation.
Why Choose ResearchQX for Canada SR&ED Tax Credit Services?
With deep expertise, a client-focused approach, and reliable results, ResearchQX is your dedicated partner for navigating SR&ED Tax Credits in Canada.
Comprehensive Support for Your Claims
We provide seamless support from eligibility assessment to claim submission, including CRA enquiries, ensuring a stress-free process.
Proven SR&ED Relief Expertise
Our team has extensive experience with SR&ED claims, ensuring your business receives accurate, compliant support that maximizes eligible credits.
Tailored Solutions for SR&ED Success
Our personalized approach ensures each SR&ED claim aligns with your unique R&D activities, supporting long-term growth and innovation.
Transparent, Ethical Practices
Our services adhere strictly to CRA and CPA Canada standards, delivering ethical, unbiased guidance for every client.
Types of SR&ED Tax Incentives in Canada
There are two main SR&ED tax incentive options in Canada, and the type you use depends on your company structure and eligibility:
Canadian-Controlled Private Corporations (CCPCs): For qualifying CCPCs, the SR&ED tax incentive offers a refundable tax credit of up to 35% of eligible R&D expenditures. This provides significant cash benefits, particularly for smaller, innovation-driven businesses.
Non-CCPCs and Other Businesses: For other businesses, including non-CCPCs, the SR&ED program offers a non-refundable credit on up to 15% of qualifying R&D expenses, delivering valuable financial relief on approved costs.
Canadian SR&ED Eligibility
Determining eligibility for SR&ED can be complex. ResearchQX simplifies this process by evaluating your projects based on the key criteria set by the CRA, ensuring that qualifying activities are accurately documented and claimed.
Addressing Scientific or Technological Uncertainty
To qualify, projects must resolve scientific or technological challenges that go beyond routine implementation practices.
Advancing Knowledge in Science or Technology
Eligible R&D work should aim to create new knowledge or advancements in science or technology.
Systematic Investigation and Experimentation
Activities must follow a structured approach, using systematic investigations or trials to achieve objectives.
Accelerate Growth with Our Expert SR&ED Tax Relief Services
Navigating the complexities of SR&ED tax relief can be daunting. ResearchQX simplifies this process, ensuring you produce credible and optimised claims while minimising risks. Our expert team is dedicated to securing the funding your business deserves handling every step with precision.
Full SR&ED Claim Preparation & Submission
We manage all aspects of SR&ED claim preparation, ensuring a complete, comprehensive and compliant submission to CRA.
Technical Documentation Support
Our team assists with deep technical research documentation, ensuring that complex R&D activities are clearly outlined for CRA approval.
CRA Audit Assistance & Support
All our engagements include full CRA audit support from initial requires to further details, we provide full assistance in preparing responses and necessary documentation.
Our Comprehensive
SR&ED Tax Relief
Approach
Initial Assessment
We conduct a thorough review to determine eligible SR&ED activities and associated expenditures.
Data Collection & Technical Analysis
Our team collects the necessary documentation and conducts an in-depth analysis of your R&D activities.
Comprehensive Reporting
We prepare detailed reports that outline and substantiate your SR&ED activities, ensuring credibility in your claim.
CRA Submission & Follow-up
We handle the submission to CRA and provide ongoing support, managing any follow-up as required.
Transforming Businesses with R&D Tax Relief
The team at ResearchQX, throughout their career, have empowered over 1,150 businesses to unlock significant cash benefits through R&D Tax Credits. Our clients have collectively accessed more than $1.2 billion in funding, driving innovation and growth.
Businesses Helped
Total Cash Benefits
Client Satisfaction Rate
Claims paid as submitted
The Team has been instrumental in helping our business secure valuable research funding. Their tech-led approach and experienced team have provided us with robust reporting and ensured a smooth process throughout.
Transforming R&D Funding for Businesses
Over the years, we have empowered numerous businesses to secure R&D funding with minimal risk. Our tailored approach ensures that clients navigate the complexities of funding applications effortlessly.
Latest News & Insights on R&D Funding
Explore the latest news and updates in R&D Relief and Innovation Incentives.
Explore Our Other Services
Find out more about our other Innovation Incentives services.
Frequently Asked Questions
The Scientific Research and Experimental Development (SR&ED) program is a Canadian government initiative. It encourages businesses to conduct research and development by providing tax incentives. Companies can claim eligible expenditures to reduce their tax liabilities.
Any business conducting R&D activities in Canada may qualify for SR&ED. This includes companies of all sizes and across various sectors. Eligibility is determined based on the nature of the R&D work undertaken.
Eligible expenses include wages, materials, and overhead costs related to R&D activities. Additionally, contractors and certain capital expenditures may also qualify. It's essential to maintain detailed records of all related costs.
To apply for SR&ED tax credits, businesses must submit a claim to the Canada Revenue Agency (CRA). This involves completing specific forms and providing supporting documentation. Consulting with experts can streamline the process and enhance the chances of a successful claim.
The processing time for SR&ED claims can vary, typically ranging from 6 to 12 months. Factors such as the complexity of the claim and the completeness of documentation can influence this timeline. Early submission is advisable to avoid delays.
Yes, if your SR&ED claim is denied, you have the right to appeal the decision. The appeal process involves submitting additional information and clarifications to the CRA. Engaging with professionals can significantly aid in navigating this process.
There is no maximum limit on the amount you can claim under the SR&ED program.
However, the amount you can receive as a refund or credit may depend on your taxable income and the nature of your expenditures. It's crucial to consult with experts to maximise your claim.
If your SR&ED claim is audited, the CRA will review your documentation and processes. It's important to be prepared with all necessary records and explanations. Engaging a knowledgeable consultant can help ensure a smooth audit process.
For more information on SR&ED tax relief, visit the official CRA website. Additionally, consider consulting with a professional firm that specialises in R&D tax credits. They can provide tailored guidance and support.
The benefits of SR&ED include substantial tax savings and improved cash flow for businesses. It encourages innovation and supports companies in their R&D efforts. By leveraging these credits, businesses can reinvest in growth and development.
Get Expert SR&ED Claim Help
Reach out today to secure your SR&ED tax benefits with our expert assistance.
