Scientific Research & Experimental Development (“SR&ED”)
Over the years our governments have tried to encourage companies to improve productivity and encourage investment in technology using a variety of tax incentives. By far the largest and most successful of these programs – the Federal Scientific Research & Experimental Development (“SR&ED”) tax credit program – was introduced in 1985 and is still the most important incentive.
In 1998-99 the BC and Saskatchewan governments introduced their own SR&ED programs – piggybacking on the federal program. In 2009 Alberta entered the game and for a while both Saskatchewan and Alberta offered refundable credits to all corporations – including public companies. Saskatchewan has since reneged on refunds to public companies, but at a 15% provincial rate, their incentive is particularly attractive.
Starting in 2011 the federal government began signalling its intent to ‘tighten up’ the program (see RECENT HISTORY).
Companies that wish to avail themselves of this incentive will need to allocate sufficient resources to ensure that their documentation meets the new and more rigorous standards.
We offer a full range of SR&ED services to claimants of any size – from startup to multinational
- technical writing
- claim preparation
- audit defense
- documentation support
- tax structuring specifically for SR&ED claimants
- amended corporate tax returns
- SR&ED file reviews