Tax Refunds Canada - SR&ED Consultants

$4 Billion funding is available to Canadian businesses - can your company participate?

SR&ED tax incentive helps small and mid-size businesses during economic recession

The government of Canada (since the early 80’s) offers one of most generous research funding programs in the world. Aimed to encourage innovation and technological progress, the SR&ED program is best positioned to support and help small and mid-size businesses during the current economic downturn.

Fast Facts:

1. In 2008 over $4 Billion were distributed to qualified companies in Canada
2. Up to 68% of qualified payroll expenses refunded
3. Refunds range: $20,000 - $500,000 (and up to $3 Million for large facilities)
4. Refunds are commitment free - you decide how to spend it.

“I don’t think we qualify”

“Business owners often don’t realize that they do qualify”, Says Nik Rostarchook - a consultant with Tax Refunds Canada (powered by Tripol Canada). People often believe that “significant” government funding is reserved to troubled big-time employers. SR&ED is a remarkable program, and it is available to even the smallest businesses out there.

Eligible Industries for SR&ED tax credits

Any Canadian corporation, that uses any sort of equipment or technology in the process of producing something, can qualify for SR&ED. They key is to find what type of challenges your business had, and what sort of shop-floor experimentation took place in the last few years.

Examples of research projects for tax refund in qualified industries:

1. Manufacturing - machine modifications, process improvement, unique products.
2. IT technology - software development, system integration, database development
3. Printing and Finishing - ink profiling, print mediums, modifications, screen print ect’
4. Packaging - unique solutions, equipment customization, etc’
5. Food and Beverage - ingredient modification, improved recipes, low carb/fat etc’
6. Electronics - hardware developments, modification and customization.
7. Metal Fabrication - new materials, heat treatments, unique solutions
8. Plastics industry - resin types, quality and production time, polymers, unique solutions
9. Chemical - chemical design and synthesis, formulation, processes, experimentation
10. Environmental technologies - technological experimentation, product development etc’.

“It’s too complicated and time consuming to apply for SR&ED ”

Successful SR&ED application requires technical and financial skills and knowledge of the program. Doing it alone may mean tens of hours wasted for a small return. Very much like with your corporate tax return, SR&ED is best handled by professionals who know the ins and outs of the program. For a set percentage of the actual return, Tax Refunds Canada will minimize your involvement to less than 8 hours, and help you to maximize your refund year after year.

Where do I begin? How much does it cost?

In order to maximize your company’s gain, and save valuable time, it is highly recommended that you hire a consultancy service like the one offered by Tax Refunds Canada - SR&ED Consulting Services. Company’s PhD level technical writers will make the application process a breeze, and will deliver an unsurpassed result.

The performance based fee structure makes it entirely risk free - Tax Refunds Canada collects an agreed upon percentage of the money only after you actually receive it.

You owe it to your company

The SR&ED program is there to support and help Canadian business to survive in the highly competitive global economy. The funding is there - you just need to apply for it.

SR&ED funding, especially during the current economic crises can mean a world of difference - to smaller businesses in particular.  

Find more about SR&ED claims process.

Return to: SR&ED claims related articles

Revised: November 13, 2009