SR&ED grants stand for Scientific Research and Experimental Development, it is a tax incentive program with the goal to fund advances in Canada. SR&ED Ontario can cover various different expenses from salaries, materials, leases, contractor fees, student co-op programs, and more. CI Solutions is dedicated to providing you with the best SR&ED consultants in Ontario giving you the knowledge you need to tackle SR&ED grants and come out on top.
SR&ED works with businesses of all sizes and focuses all across Ontario to recover up to 70% of qualifying expenditures. Our clients for SR&ED grants include IT companies, Software Companies, Startup Companies, Industrial Companies and more. Call to Speak to an Experienced SR&ED Consultant: +1 (866) 901-3272 It is Free.
Determining SR&ED Eligibility:
Even though the name suggests only specific businesses being able to qualify, being a supporting factor to such work can qualify you, work such as; engineering, programming, IT, and more. CI Solutions can work together with you to receive an IT grant using our top consultants in Ontario. There are no restrictions on the size of businesses, in fact, a majority of claimants are actually small businesses.
“Was there a technological or scientific uncertainty that could not be solved by standard practice?”
Meaning that you have advanced the state of technology by enhancing a characteristic or extending a capability.
“Did your work involve a hypothesis aimed at reducing or eliminating uncertainty?”
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 the process 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 e-mails, minutes, logs, notes, etc.
SR&ED applications can seem daunting, there are many others competing for the same funding and the application has restrictions in word count as well. One great news is that you can still file a claim up to 18 months after your fiscal year-end, giving you time to refine and adjust your application without much stress on the deadline.
Even though a SR&ED Ontario application is about receiving the funding it is mostly focused on your work, research, developments, failure and successes. It’s important to properly document a project’s development and whatever lessons have arisen along the way.
As specialized SR&ED consultants, we can help you and find the right language and techniques to uncover procedures others might miss to fully maximize your claim. Our team is specialized in not only SR&ED applications but also experienced within the industry to help Canadian companies and get the return of investment that you deserve.
If you are still unsure about if you qualify or how to approach refining an application to the best it can be, CI Solutions can 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 for back whether you are dealing with SR&ED financial or technical reviews.