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FREQUENTLY ASKED QUESTIONS |
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Q : Should some sort of pre-approval be secured by my company to ensure entitlement to tax credits for Scientific Research and Experimental Development (SR&ED)? |
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R :
No authorization is needed at the onset of the work. If you believe that your technological capabilities have been expanded within a year, a claim can be prepared and submitted with your corporate income tax declaration. |
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Q : Should there be eligible work in my company, do I have to disclose my trade secrets? |
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R : It is not necessary to disclose trade secrets to benefit from government assistance programs. Additionally, work for which results are of limited commercial usefulness could in fact prove eligible for tax credits. |
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Q : How can I tell if there is eligible work in my company and that program requirements are satisfied? |
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R : With its extensive, in-depth knowledge of program requirements and criteria, SR&DE Group inc. can identify ALL of the eligible work in your company. |
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Q : What percentage of the claimed tax credit is really granted? |
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R : The entirety of the tax credits claimed are granted when the work of the projects complies with all the criteria of the Scientific Research & Experimental Development government assistance program. SR&DE Group inc. specializes in the preparation of the technical descriptions required to complete the prescribed forms.
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Q : What if I'm audited? |
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R : It is important to remember that the SR&ED program is an incentive program put in place to support innovative firms and maintain Canada at the forefront of technological development. Nevertheless, the possibility of being audited remains. In case of an audit, SR&DE Group inc., will support you step by step throughout the complete process, at no extra cost.
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Q : Why can’t these services be provided by my accountant? |
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R : Even if the program criteria are met, it is also important to provide technical details and justification for eligibility. The highly qualified multidisciplinary SR&DE Group team,is constantly available and with the proper expertise to understand, identify, write up and defend your technological projects so as to maximize the claim for Scientific Research & Experimental Development tax credits. The contribution of SR&DE Group inc. complements the efforts of your accountant.
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Q : What are the costs associated with my company selecting SR&DE Group inc. to maximize my Scientific Research and Experimental Development tax credit claim? |
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R : The goal of the incentive program is to provide innovative corporations with some cost recovery on expenditures pertaining to innovation and research. SR&DE Group inc. drives its remuneration from a percentage based on the actual tax credits obtained by its clients In other words, the payment for our services is based on our own performance, where SR&DE Group inc. takes all the risks. |
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