SR&ED stands for Scientific Research and Experimental Development, this tax incentive program has the goal to fund advances all throughout Canada. SR&ED works with businesses of all focuses and sizes all over Saskatchewan. These expenses can range from leases, salaries, materials, co-op programs, contractor fees, and even more. CI Solutions will work with you to proving you with the best SR&ED consultants in Saskatchewan, giving you the knowledge you need to tackle the SR&ED application and receive the funding you deserve.
There are no restrictions on the size of businesses that can apply for SR&ED, in fact, a majority of claimants are actually small businesses. Even being a supporting hand to R&D work and developments can qualify you for funding. CI Solutions can work together with you to receive an IT grant using some of the best consultants in Saskatchewan.
“Was there a technological or scientific uncertainty that couldn’t be solved?”
Meaning that you have advanced the state of technology by enhancing a characteristic or extending a capability.
“Does it involve a hypothesis?”
A hypothesis is simply referring to how you will attempt to resolve the issues identified before experimentation begins.
“Was the procedure consistent with the scientific method?”
Meaning including formulating, testing, and modifying the hypothesis, whether or not it proved the hypothesis is correct.
“Did it result in technological or scientific advancement?”
An advancement on a technical level, not a business one. Even a failure can qualify because it has advanced your knowledge.
“Was everything properly recorded as work progressed?”
Your work should be fully documented. Clearly demonstrating why each major element is required and fits into the project is important. Examples such as logs, minutes, e-mails, notes, etc.
Even though a SR&ED application is about receiving government funding, the application mostly is focused on your work; all of your developments, research, failure, and successes. It’s hugely important to have documentation of a project’s development and whatever problems or accomplishments have arisen along the way. One piece of great news is that you can still file a claim up to 18 months after your own fiscal year-end, giving you the time to adjust and refine your application without a deadline looming over you.
As specialized SR&ED consultants, we can help you find the right techniques and language to bring focus to important procedures others might miss to fully maximize your claim. Our team is specialized in not only SR&ED applications but also have years of experience within various industries related to SR&ED to help your company and get the funding that you deserve.
The huge range of different applications blockchain can be used towards means there is a high chance that many projects can be eligible within SR&ED. The world of cryptocurrency and blockchain research and development is a typically untapped area within SR&ED funding, and you can receive funding no matter what you focus on within blockchain technology.
This is fantastic for businesses using blockchain to create applications ranging from insurance, logistics, healthcare, energy, retail, financial services, and more. CI Solutions can help you reach your cryptocurrency software funding goals in Saskatchewan and even support you receiving blockchain development funding in Saskatchewan.
If you are still unsure about if you or your business can qualify for SR&ED, CI Solutions is here to help you! We will meet with you to determine your eligibility, and our team will work together with you to provide full support.
CI Solutions provides ongoing on-demand SR&ED support and advice and has your back whether you are dealing with SR&ED financial or technical reviews.