Free, no obligation consultation meeting to identify opportunities for SR&ED for Canadian companies. CI Solutions will work with you through every step of the SR&ED process from helping to identify SR&ED eligible projects to when you receive your tax refund. However, how you spend your refund is completely up to you!
15 Allstate Parkway, Suite #600 Markham, ON, L3R 5B4, Canada
Phone: (416) 477.5569 Fax: 1 (866) 874.5668 Email: [email protected]
Sun Life Plaza West Tower 144-4th Avenue SW, Suite #1600 Calgary, AB, T2P 3N4, AB, Canada
Phone: (403) 744.0143 Fax: 1 (866) 874.5668 Email: [email protected]
Manulife Place 10180 – 101 Street , Suite #3400 Edmonton, AB, T5J 3S4, Canada
Phone: (780) 628-6718 Fax: 1 (866) 874.5668 Email: [email protected]
There are three substantial benefits for qualifying in SR&ED expenditures. First being a full tax deduction in the year that such expenditures occurred, the ability to pool SR&ED expenditures (enables you to carry over deductions to the extent that they are not needed currently) and eligibility for appealing investment tax credits (ITCs), which can be refundable in cash. The Federal government provides a refundable tax credit at a rate of up to 35%. These factors can be used to your benefit if you hold the opportunity to qualify.
Not everyone is eligible for SR&ED incentives, it is appropriate to know who is not suitable such as; commercial production of a new or improved material, device, or product, or the commercial use of a new or improved process, quality control or routine testing of materials, development based solely on design or routine engineering practice, social science or humanities research, market research or sales promotion, style changes, prospecting, exploring, or drilling for (or producing) minerals, petroleum, or natural gas. Many of these incentives go unclaimed, why not use your SR&ED to your benefit and check to see if you are entitled for grants.