THE SR&ED PROGRAM
CANADA'S #1
$3 BILLION
INNOVATION FUNDING PROGRAM
ARE YOU GETTING YOUR PIECE OF THE PIE?
The Scientific Research and Experimental Development (SR&ED) program provides $3 billion dollars every year in tax incentives designed to encourage research and development to help Canadian companies lead the world in new, improved and technologically advanced products and services.
THE FAQS
HOW DOES THIS HELP ME?
Get back up to
on eligible project expenses.
Get back money spent even on
past R&D projects from the
past two fiscal years.
30-63%
DO I QUALIFY?
WHAT CAN I CLAIM?
-
wages for staff doing the SR&ED work,
-
costs of materials used in performing SR&ED,
-
sub-contractor costs doing SR&ED work
-
third party payments to organizations, such as universities and colleges, and
-
certain overhead costs related to SR&ED, or a proxy for these costs
-
SR&ED support activities
SR&ED is activity specific NOT industry specific. This means that if your project activities are eligible - most likely you are too.
-
Canadian tax-filing entity
-
Involved in research and development activities
(R&D is defined as : Developing, improving the performance of or adding value to existing products, materials or processes, including testing and evaluating new techniques or technology, R&D under the program is often defined more broadly and can also apply to many of your day-to-day activities and processes).
ELIGIBLE COMPANIES
SAMPLE CALCULATION
Wondering how SR&ED can be applied to your industry? See below for a sample of how much you could receive in return.
WHY STRATESOL?
There's a reason why we have a
99% success rate with our SR&ED claims - we bring together a team of accounting professionals, business strategists and industry specialists with 20 years of experience in claiming for SR&ED. Want to know more about how we'll work for you? Click here.
CAPITAL EMPLOYED
<10M >10M
SALARIES & WAGES
MATERIAL CONSUMED
SUB-CONTRACTORS
$100,000
$100,000
$20,000
$20,000
$30,000
$30,000
TOTAL COMPANY COST
$150,000
$150,000
PROXY
55%
55%
$55,000
$55,000
SUB-CONTRACTOR
80%
80%
$24,000
$24,000
TOTAL ELIGIBLE SR&ED
COST
$199,000
$199,000
PROVINCIAL CREDITS
10%
10%
FEDERAL CREDITS
35%
15%
TOTAL REFUND
$82,585
$46,765
We've created a quick and easy way for you to determine if you can get some money back for your projects through SR&ED. By filling out this quick project eligibility test, we'll tell you whether your project would qualify under SRE&D.
Results of your submission will be given to you within 2 business days.
DOES MY PROJECT
QUALIFY?
ELIGIBILITY TEST