If you are a Canadian Controlled Private Corporation (CCPC), another kind of corporation, individual, member of a partnership or a beneficiary of a trust that has developed new, or improved existing products, processes, systems, services, devices or materials, then there is a significant chance you will be eligible to claim for SR&ED tax relief.
Irrespective of whether your company is currently making a profit or operating at a loss, a small, medium or large company, a claim could still be possible.
If you are still unsure whether you would be eligible for a claim or would like to discuss in more detail how this relates to your business, please get in touch on 604 629 8863.
Typical claim items include staff costs, subcontracting fees, payments to third parties, lease expenditures, materials used in the R&D process and overhead expenditures incurred during the process.
As a specialist SR&ED firm, we have a detailed understanding the legislation and will conduct a detailed audit of your business to ensure that every opportunity for SR&ED tax relief is explored.
The government created the SR&ED legislation as an incentive to encourage businesses that are developing new, or appreciably improving existing, products, processes, systems and materials — and thereby increasing the country’s wealth creation capacity.
The CRAs regional departments will analyse and check the reports and the costs identified.
The representatives from Canada Revenue Agency are therefore very skilled at processing these claims. Our specialist consultants liaise with them daily, on your behalf, and in the unlikely event of any issues being raised it is part of our commitment to you to resolve these.
We charge no up-front costs, and should we fail to identify a claim then we will not charge you a fee at all. In other words, we operate on a ‘No Win, No Fee’ basis.
Also, we do not charge for submission fees so there will be no surprises when it comes to your claim being filed with the CRA.