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 Has your business been?

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• Facing significant technological difficulties and challenges recently?

• Involved with the development of a new product or process?

• Involved with the improvement of an existing product or process?

• Investing or have plans to invest significant amounts of money in technology?

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If you have answered YES to any one of these questions, you are almost certainly eligible for SR&ED funding.

 

 

How much can you claim?

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Probably a lot more than you think! Federal incentives are 35% for Canadian-controlled Private Corporations (CCPCs) and 15% for others. In addition to federal benefits, each individual province their own set of credits. Together you can recoup almost 50% of your R&D Cost.

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Determining SR&ED Eligibility as per CRA 5 questions:

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1. “Was there a scientific or a technological uncertainty that could not be removed by standard practice/engineering?”

2. “Did the effort involve formulating a hypothesis specifically aimed at reducing or eliminating the uncertainty?”

3. “Was the adopted procedure consistent with the total discipline of the scientific method, including formulating, testing, and modifying the hypothesis?”

4. “Did the process result in a scientific or technological advancement?”

5. “Was a record of the hypothesis tested and results kept as the work progressed?