Tiberius Solutions

The SR & ED Program in the Canadian Government

Any Canadian company that is involved in Scientific Research and Experimental Development (SR&ED) may be entitled to financial support and incentives from the federal and provincial governments. These financial incentives are in form of tax credits, which are refunded to such companies to the tune of billions of dollars every year.

Some R&D activities that companies engage in that may qualify them for tax credits are the following:

• Writing computer software to address specific production needs.
• Developing new processes to make their products unique.
• Improve the productivity.

Unfortunately many companies fail to claim tax credits for some or all of the following misunderstandings:

• Their staff is too busy carrying on their day to day activities and are therefore either unaware of, or do not find time to understand that their work may qualify as SR&ED for which governments can give them tax credits.
• Their staff lacks the proper qualifications.
• Their competitor has already developed a similar product.
• Their project was a commercial success.

How projects qualify for tax credit under the SR & ED program?
When examining the company’s projects, the following criteria are used to determine their
eligibility for R&D tax credits:

• Scientific content.
• Technological advancement.
• Technological uncertainty.

The services we offer include the following:

• We determine which of your projects qualify for tax credits and are admissible under the laws governing SR & ED program.
• We manage and prepare the necessary documents for government audit that determines the level of your tax credit.
• We offer technical expertise on all aspects of the SR & ED program of the CCRA.