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SR&ED CRA – scientific research and experimental development (sr&ed) tax incentive program

SRED OIDMTC CTAP MULTIMEDIA INDUSTRY MEDIA COMPANY

scientific research and experimental development (sr&ed) tax incentive program

CTAP | SR&ED - Understand federal and provincial SR&ED tax credits & Find out if you qualify! Here are just a few reasons to select our SR&ED team: We see the big picture Our senior industry professionals are not just knowledgeable with the SR&ED program, they understand their industry’s focal points, saving you time and maximizing your submission, so that you receive all of the incentive payback available to you. We don’t have a shotgun approach We specialize in only SR&ED and OIDMTC and are entirely committed to this practice. We have a dedicated R&D and Media content team to provide expert direction on the program and we extend to our clients.

scientific research and experimental development sr ed tax incentive program

Based on SR&ED CRA Guidelines

We are your SR&ED partner for the long-haul

We are recognized as Your Virtual SR&ED and OIDMTC partners. We will give all that we’ve got to secure your trust, as we believe in well-built long-term relationships. We have helped many start-ups and have witnessed our clients growth. In fact, we still work with many of clients since our inception, 11 years ago.We provide a hands on approach to assist with every step. We can cater our services to meet your requirements at every stage — from preparing and organizing the claim to filing and defending it. We’re even approachable throughout the year to answer any questions that you may have, as well as guide and meet with you at certain milestones. We are well networked with Chartered Accountants

We If you do not have a CA or are looking for a new one, we will gladly point you in the right direction and introduce you to our network of CA’s.What is the refund rate for our company? This depends on your corporate ownership structure. Federally, Canadian-controlled private corporations (CCPCs) receive the enhanced input tax credit refund rate of 35%. Foreign-owned, publicly traded sole proprietorships, and partnerships receive a 20% tax credit. There are also substantial provincial refunds that we will claim for you depending on your location. With offices across Canada, we are available to serve you from coast to coast….just because you dont do R&D doesn’t mean you do SR&ED. SR&ED isn’t entirely the same as R&D. The SR&ED government incentive program credits development conducted in Canada, including some testing, prototyping and producing technologically advanced products or processes that involve experimentation and facing challenges, obstacles and uncertainties.…Our company isn’t making a profit. Just because your company isn’t paying taxes doesn’t mean you are not eligible for the SR&ED program. Even if your organization is at a financial loss, CCPCs (Canadian Controlled Private Corporation) are qualified to receive full compensation on eligible SR&ED costs.I receive government assistance.

Am I eligible? Yes. We are able to claim for the excess amount of costs, above and beyond what you receive. For example, if you spend $100 on SR&ED and you receive $15 from another program, we would be able to claim for the remaining $85 of costs.

When is my SR&ED claim due?

SR&ED claims are due to the CRA 18 months after your fiscal year end. For example, if you have a December 2011 year end, your claim will be due in June 2013. This is a firm deadline and all claims must contain the specified CRA documents to be considered complete. If you fail to submit the proper documentation by the deadline, your claim will be disallowed and no refund will be given.

Industries We Serve

Frequently asked questions

How does the contingency fee work and when do I pay?

CTAP contingency fee is a percentage taken off the closing amount you collect from Canada Revenue Agency (CRA). The majority of our clients prefer the SR&ED contingency fee to protect them and provide insurance in uncertain circumstances. Moreover,  many companies may not necessarily have the immediate funds available to fund an SR&ED project. We manage your claim and provide guidance during the CRA process until the cheque is in your hand.

What is the refund rate for our company?

This depends on your corporate ownership structure. Federally, Canadian-controlled private corporations (CCPCs) receive the enhanced input tax credit refund rate of 35%. Foreign-owned, publicly traded sole proprietorships, and partnerships receive a 20% tax credit. There are also substantial provincial refunds that we will claim for you depending on your location. With offices across Canada, we are available to serve you from coast to coast.

…just because you dont do R&D doesn’t mean you do SR&ED. 

SR&ED isn’t entirely the same as R&D. The SR&ED government incentive program credits development conducted in Canada, including some testing, prototyping and producing technologically advanced products or processes that involve experimentation and facing challenges, obstacles and uncertainties.…Our company isn’t making a profit. Just because your company isn’t paying taxes doesn’t mean  you are not eligible for the SR&ED program. Even if your organization is at a financial loss, CCPCs (Canadian Controlled Private Corporation) are qualified to receive full compensation on eligible SR&ED costs.

I receive government assistance. Am I eligible?

Yes. We are able to claim for the excess amount of costs, above and beyond what you receive. For example, if you spend $100 on SR&ED and you receive $15 from another program, we would be able to claim for the remaining $85 of costs.

When is my SR&ED claim due?

SR&ED claims are due to the CRA 18 months after your fiscal year end. For example, if you have a December 2011 year end, your claim will be due in June 2013. This is a firm deadline and all claims must contain the specified CRA documents to be considered complete. If you fail to submit the proper documentation by the deadline, your claim will be disallowed and no refund will be given.