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SR&ED

No cost until you get paid. We build your SR&ED claim, co-ordinate with your accountant, submit your claim and get you your cheque. 100% customer service focus. No excuses.

SR&ED Overview

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.

Do I Qualify?

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).

How Can We Help?

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:

  • Manufacturing
  • Information technology
  • Machinery and equipment
  • Design and construction
  • Plastics
  • Computer sciences
  • Material development
  • Food and beverage
  • Pharmaceutical
  • Engineering
  • Health sciences

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.

If your company has eligible projects or activities, we work with you to create a unique SR&ED claim that will yield the most tax claims. We compile all the documentation required to support your claim, including tax returns, technological descriptions, and any information regarding your research and development expenses and investments. The SR&ED claim is then submitted to the CRA for review.

Our premium Audit Support and Claim Defense service (link to audit defence services page) 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.