Are You Getting Your Fair Share Of SR&ED?

Written by Raj Phalpher.

Needless to say, particularly in unsettled times of today, every business needs to explore all potential sources of revenue - particularly credits that go directly to the bottom line.

Canadian information technology firms are major beneficiaries of SR&ED benefits. Their claims represent 40 percent of the total claims. The government of Canada recognizes this and wants to reward you and other Canadian organizations that are constantly striving to develop new products and improve their processes.

The SR&ED program provides nearly $3 billion in credits to over 24,000 claimants each year. And, yet an estimated $3 billion goes unclaimed! This is because many of the small and medium sized companies are not aware of the program, or do not think that their activities qualify for R&D funding, or just do not know how to go about it. The refund is available regardless of whether you have paid any taxes.

We help identify unclaimed, potential SR&ED tax credits. Once we identify that there is SRED potential we have the expertise to put together the required paperwork in the format and presentation required by CRA. Two components of the claim submission are: technical and financial. The technological assertion is more critical and challenging to deal with than the financial assertion. The key to success in this program is to have engineers and scientists do the technical write-ups. The documentation process is complex, but correctly documented efforts provide a critical source of funding for many.

Call us at 905-829-0636 or email us at This email address is being protected from spambots. You need JavaScript enabled to view it. to discuss how we can help you get SR&ED funding.

Resultel Technologies  |  1295 Chedboro Crescent  |  Oakville, ON, Canada  L6J7A2  |  Phone: (416) 786-4644
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