R&D Tax Credits

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R&D Tax Credits

R&D Tax Credit

In existence for more than 50 years, the Scientific Research and Experimental Development (SR&ED) tax credit has become the Canadian instrument of reference to encourage companies to invest in research and development.

In 2009, the budget allocated for SR&ED tax credits was $4 billion, with $2 billion of this for Quebec. SR&ED tax credits allow for the financing of up to 75% of R&D expenditures. According to the Canada Revenue Agency (CRA), some 18,000 companies carrying out R&D work are eligible to claim these tax credits. However, only approximately 50% actually claim them. Moreover, most companies do not integrate these credits upstream of their strategic plans for research and development.

SUPPORT YOUR R&D STRATEGY OVER TIME

The SR&ED tax credit is complex to implement and requires a high level of securitization through a rigorous selection of innovative projects, a detailed knowledge of the eligibility rules, the tax rules, and the relevant financial and scientific documentation.

Our consultants will assist you throughout the duration of their involvement to help you to validate all of the criteria required to secure your claim for your tax credits.

THE SR&ED TAX CREDIT : A VERY COMPLEX PROGRAM SUBMITTED AS A CLAIM

You could benefit from this program, if your business operates in the following areas :

development of new technologies;
general experimental developments;
process improvements;
improvement of industrial materials.

Companies eligible for the program are classified into three categories :

canadian-controlled private corporations;
sole proprietorships, partnerships and trusts;
other corporations.

A precise interpretation of the SR&ED definitions is essential to determine the activities eligible for this program. Faced with the strengthening of CRA verifications, our experience offers the best guarantee that you will obtain the tax credits you are entitled to.

THE LEYTON METHODOLOGY : STRUCTURED AND EFFICIENT

OUR METHODOLOGY ALLOWS PRECISE FOLLOW-UP FOR YOUR PROJECTS :

UNDERSTANDING YOUR PROFESSION AND YOUR RESEARCH FOCUS

Our consultants are recognized industry experts in our customer’s diverse trades. They know how to maximize your SR&ED tax credit according to your company’s specific research focus and they will analyze the eligibility criteria for your projects.