Scientific Research and Experimental Development

Does your company invest in Scientific Research and Experimentation?

The governments of Canada and Ontario offer Scientific Research & Experimental Development tax credits and refunds, applied to developmental costs relating to new or improved products or processes. The calculation of these credits can be a cumbersome exercise and best left to a qualified professional to ensure your company maximizes these incentives.

Remember however that there is a 12 month deadline to file such a return following the corporation’s fiscal yearend. Don’t let a consultant provide this service for you on a contingency basis, instead save yourself the refund and have someone prepare it on a fee-for-service basis.

For more information on the SR & ED tax credits, visit the Government of Canada’s CRA website at:
http://www.cra-arc.gc.ca/txcrdt/sred-rsde/menu-eng.html

You can find more information on the Government of Ontario incentives at:
http://www.rev.gov.on.ca/en/credit/ordtc/

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