SR&ED | General Manufacturing

SR&ED ~ General manufacturing

The manufacturing industry in Canada is popular for its technological capabilities and competitive edge. Although due to economical conditions, profit margins and outsourcing, the Canadian manufacturing sector is without a doubt affected.  In an innovative ecosystem, Canadian Corporations are competing to gain market, utilizing existing cutting edge technology and constantly innovating new processes in effort to advance technology. New methods to improve, cut costs are used for SR&ED claiming purposes. Industry leaders make it part of their process to include improvement programs in order to avoid the risk of product failures and cost of materials. This is generally achieved through systematic R&D which includes improvements to enhance products, processes, materials or systems. The majority of these projects are eligible for SR&ED and these activities would qualify for tax credits or cash refunds according to the Scientific Research & Experimental Development (SR&ED) program. There are many misconceptions as to what qualifies for SR&ED and what is considered and eligible SR&ED expenditures. Many Canadian Corporations are often dispirited in partaking in the SR&ED program or merely fail to submit “work that qualifies for SR&ED”. Ask one of our SR&ED senior consultants to assist in your R&D claim and maximize your SR&ED tax credits.

CTAP (Canadian Technology Advancement Partners) specializes in the preparation of R&D credits’ (SR&ED) submissions for Machinery or Manufacturers of industrial equipment, including companies engaged in rebuilding machinery or other sub sectors classified in the same industry is establishments manufacturing similar type of machinery. We understand that innovative companies may not have the internal staff resources to prepare and manage their claims. That’s why we offer a complete end to end service and the expertise you require to maximize your claim. We invite you to think of us as our virtual R&D tax credit team – a resource that you can count on to process your claim now and provide you with on-going advice and support in the future. All CTAP consultants have direct experience in working in the field. And since our consultants understand the processes and methodology of product development, they are able to complete your claim with less disruption to your day-to-day activity.

CTAP helps medium to large sized Canadian Corporations devoted to innovation and execution of new technologies, processes, systems and, carried out within a variety of industry sectors such as:

  • Plastics & Resins
  • Textiles
  • Tool and die
  • Printing & packaging
  • Transportation equipment
  • Electronics manufacturing
  • Steel fabrication
  • Machinery manufacturing
  • Food and beverage manufacture
  • Automotive
  • Pulp and paper
  • Aerospace

You Maybe Eligible For SR&ED, If:

  • You have improved or modified a process or product
  • You have invested in automation improvements.
  • New jigs and fixtures need to be implemented in the production process.
  • There are new regulations limiting industrial waste, requiring changes to production.