Organizations have different needs when it comes to SR&ED. Some want the whole deal and some just need advice. Our SR&ED services are tailored to cater to your specific needs.
The Scientific Research and Experimental Development (SR&ED) program is a Canadian federal tax incentive program designed to encourage businesses of all sizes across various industries to conduct innovative research and development activities. The program provides valuable tax credits and refunds to companies actively advancing technology or science within their fields.
Checkpoint Research specializes in guiding companies through every step of the SR&ED claim process, ensuring accurate submissions and optimized outcomes. Our expert team has deep knowledge of SR&ED guidelines, proven expertise in various industries, and a commitment to thoroughly understanding your business and projects. By partnering with us, your company can significantly reduce the complexities of the claim process, maximize eligible claims, and confidently remain compliant with Canada Revenue Agency (CRA) requirements.
The SR&ED claim process involves identifying eligible projects, thoroughly documenting R&D activities and expenses, preparing technical and financial reports, and submitting your claim as part of your corporate tax filing. Once submitted, the CRA evaluates the claim and may request additional information or conduct an audit. Upon approval, your business receives tax credits or refunds, providing valuable resources to reinvest in further innovation.
SR&ED eligibility extends to virtually any industry engaged in technological or scientific advancement. Common eligible industries include software development, telecommunications, engineering, healthcare, manufacturing, agriculture, mining, and more. The key eligibility factor is whether your business undertakes projects involving technological uncertainties or advancements through systematic experimentation or research. If your activities meet these criteria, your industry is likely eligible.
