Get your SR&ED claim done right with Canada’s market leaders
The Scientific Research and Experimental Development (SR&ED) program is a $3 Billion annual R&D tax credit program administered by Canadian federal and provincial governments that offsets qualifying salary, overhead, material, and subcontractor costs incurred by businesses. Learn More
SRED Toronto claims are processed at the Toronto Centre Tax Services Office or the Toronto West-Thunder Bay Tax Services Office.
Over 20,000 companies across Canada received SR&ED tax credits from the federal government in 2019. The average tax credit received was over $150,000 per company. Your company doesn’t need scientists, lab workers in white coats, PhDs, or P.Eng’s to qualify for SR&ED R&D tax credits. Federal government statistics show that 98% of credits are awarded for experimental development work (ie not classic R&D work). If you design new products or process, carry out IT projects, invest to build your stock of proprietary knowledge and best practices, you may qualify for SR&ED credits. Custom IT work qualifies. Failed and abandoned projects qualify!
R&D tax credits are particularly targeted by the government at small business. Credit rates are higher for small business. Credits are refundable (ie all credits delivered as cheques) for small businesses. (Small business = CCPC, Canadian-controlled private corporation). Learn more about how to qualify
If you want to know whether you qualify for SR&ED tax credits, G6 Consulting can perform a no-charge evaluation. Most companies assume that they do not qualify for these tax credits because they do not employ scientists, engineers, or lab workers. Here are some industries that can be eligible for SR&ED:
The above are just a few examples of companies that can benefit from SR&ED tax refunds. Contact us, and we’ll assess if your company has eligible activities and projects.
Our premium Audit Support and Claim Defense service is free to all G6 SR&ED customers. In the unlikely event that the CRA decides to audit your claim, the experts at G6 Consulting will be by your side, defending you. We’ll prepare your staff on what they should expect during the audit and make sure all the necessary records to support your claim are in order. We’ll help you defend your SR&ED claim and ensure that you’re treated fairly. After the audit, we’ll help you prepare any additional information requested by the CRA.
SRED Toronto audits are reviewed by CRA personell across the country. While before Covid-19, audits were done in person by Toronto based auditors, now all reviews are done via zoom.