Research Support Services can help you maximize your eligible research and development tax credit benefits from Canada's Scientific Research and Experimental Development (SR&ED) Investment Tax Credit (ITC) program.
Our consultants have extensive experience in preparing SR&ED claims for companies in a wide range of industries including telecommunications, manufacturing, biotechnology, forestry, and information technology. The results speak for themselves - over 95% success rate in obtaining investment tax credits and refunds for clients. These successes have allowed clients to build and grow their research programs - leading to greater wealth generating capability. This comes as a direct result of building a properly structured internal R&D program that proactively documents relevant research/shop floor activities and costs.
Work that qualifies for SR&ED tax credits includes:
- experimental development to achieve technological advancement to create new materials, devices, products, or processes, or improve existing ones; this often referred to as shop floor R&D.
- applied research to advance scientific knowledge with a specific practical application in view.
- basic research to advance scientific knowledge without a specific practical application in view.
- support work in engineering, design, operations research, mathematical analysis, computer programming, data collection, testing, or psychological research, but only if the work is commensurate with, and directly supports, the eligible experimental development.