1 / 11

SR&ED Experts in Calgary - Canadian SR&ED Solutions

Looking for SR&ED Experts in Calgary, Vancouver, and Toronto? Then your search ends here at Canadian SR&ED. We are a team of SR&ED expert consultants who will assist you in your SR&ED claim preparation and filings with the Canada Revenue Agency and relevant provincial authorities. We ensure our clients are refunded with every single dollar that rightfully belongs to them. Our fee arrangements are strictly on a contingency basis. To know more contact us at 587-200-4163 or browse our website https://canadiansred.ca/.

canadiansred
Download Presentation

SR&ED Experts in Calgary - Canadian SR&ED Solutions

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. CANADIAN SR&ED SOLUTIONS SR&ED Experts https://canadiansred.ca/

  2. WHAT IS SR&ED PROFESSIONAL? SR&ED is a Canadian federal tax incentive program run by the Canada Revenue Agency (CRA). It funds businesses that engage in science and technology research and development (R&D). This funding can be a direct cash payout or tax credits.

  3. Benefits of SR&ED By filing an SR&ED claim, you can get a refund of up to 35%+ of eligible expenses provided they do not exceed $300,000, and up to 15%-20% if the expenditure is more than $300,000. This rate also varies from province to province and also depends on the type of business.

  4. FOR CANADIAN-CONTROLLED PRIVATE CORPORATIONS (CCPCS) THE TAX CREDITS CAN BE USED TO SETTLE THE TAXES PAYABLE OF THE FISCAL YEAR ENDED AND THE REMAINING UNUSED TAX CREDITS CAN BE REFUNDED. THESE UNUSED TAX CREDITS CAN ALSO BE CARRIED BACK THREE YEARS AND CARRIED FORWARD AROUND TEN TO TWENTY YEARS.

  5. Requirements for SR&ED On a primary level, you need to be involved in scientific and technological R&D. You need to be working towards uncovering scientific or technological knowledge that has not been known previously within the public or industrial domains and/or, you need to be developing or improving products and processes to advance technology.

  6. LET’S TAKE A CLOSER LOOK NOW. ACCORDING TO THE DEFINITION OF SR&ED IN THE INCOME TAX ACT, YOU NEED TO TAKE A METHODICAL APPROACH TO YOUR RESEARCH. YOU NEED RECORDING AND EVIDENCE OF ALL THE STEPS YOU HAVE TAKEN AND ALL THE RESULTS YOU ACHIEVED.

  7. Your research should overcome a scientific or technological problem, known as uncertainty, or it should achieve answers not previously available due to a lack of scientific or technological knowledge.

  8. Filing your claim YOU NEED TO FILE YOUR SR&ED CLAIM WITHIN 18 MONTHS AFTER THE FISCAL YEAR HAS ENDED. WE RECOMMEND FILLING IT SIX MONTHS AFTER THE YEAR-END, WHICH IS TYPICALLY IN JUNE IF YOUR FISCAL YEAR ENDS IN DECEMBER. IF YOU FAIL TO FILE YOUR CLAIM IN THE GIVEN TIME FRAME, THEN UNFORTUNATELY IT BECOMES TIME-BARRED. CRA DOES NOT ALLOW LATE SUBMISSIONS.

  9. LOOKING FOR AN SR&ED PROFESSIONAL? Canadian SR&ED Solutions is a highly committed team of professional SR&ED experts that provides comprehensive and tailored solutions to process your SR&ED grants with the Canada Revenue Agency (CRA) while maximizing the total refund.

  10. Our team of SR&ED experts has been serving clients for over 20 years now and is well versed in SR&ED rules across all industry sectors. Canadian SR&ED Solutions are a team of SR&ED experts who will assist you in your SR&ED claim preparation and filings with the Canada Revenue Agency and relevant provincial authoritie

  11. Contact information PHONE: +1 587 200 4163 EMAIL: INFO@CANADIANSRED.CA WEBSITE: HTTPS://CANADIANSRED.CA/ footer

More Related