SR&ED - Scientific Research & Experimental Development

Canada's largest source of government support for Canadian companies.

Maximizing your Scientific Research & Experimental Development ("SR&ED") tax credits should be a goal for every business.

Taylor Leibow has considerable experience and an excellent track record with filing SR&ED claims. The SR&ED tax specialists at Taylor Leibow will assist you through the complexities of filing for this tax credit.

Our expertise can improve your profitability by maximizing cash flow while minimizing taxes.

The SR&ED program provides tax incentives to Canadian businesses that perform SR&ED in Canada. It is designed to encourage businesses to expand and grow. The benefits of SR&ED are significant and if properly planned; your tax credit can be refundable in cash.

For example, an SR&ED claim in Ontario with eligible wages and materials totaling $500,000 could result in a cash refund of $207,500. Many companies receive the maximum annual SR&ED tax credit cash refunds of $1,050,000 from the federal government and $300,000 from the Ontario government. Many of the expenditures that your business is incurring could qualify as eligible costs for the SR&ED tax credit even if this may not appear intuitive.

Examples of the eligible SR&ED expenditures include:

Examples of the common eligible SR&ED activities include:

If your business is involved in some of these activities, you may qualify to claim SR&ED tax credits. Neither the success nor solvency of your project is a pre-requisite for being awarded a SR&ED refund.

Successful filing of eligible SR&ED claims will enable you to grow your business. Obtaining assistance from Taylor Leibow for the SR&ED filing process saves you time, enabling you to focus on your core business issues, and minimizes the risk of a related tax audit. Currently, it is estimated that less than half of companies that are performing eligible SR&ED are claiming the tax credits. Often companies that are claiming SR&ED do not receive their full entitlement due to underestimating eligible expenditures and insufficient documentation of projects or procedures.

Taylor Leibow has developed a unique process and expertise in assisting corporations in maximizing the credits they receive. Our experience extends to a wide range of industries.

The following are examples of various industries that have had successful claims filed by Taylor Leibow.

For more information, please contact Adam Furbacher at (905) 523-0000 ext 271.

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