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?

 
OUR PROCESS
1

We work with your leadership team to advise you on ways to maximize your claim. 

2

Using our quick assessment tool, we work with your team to  identify  eligible past and present projects. 

3

We collect necessary data (hours and documentation) for your project claim and advise you on how to track your SR&ED projects.

4

Our industry specialist will work with your team to complete technical write-ups for applications. 

5

Our accounting team will finalize claim forms and tax schedules for fiscal year end filing.  

6

In the event of a SR&ED audit, our accounting team will provide claim defense.  

7

You receive your tax refund. 

CONTACT US

© 2020 by Stratesol Consulting Ltd.