What types of businesses can claim SR&ED?
Any Canadian business that conducts eligible research and development activities can claim SR&ED. This includes corporations, partnerships, and sole proprietorships across all industries, from software and technology to manufacturing and agriculture.
What costs are eligible for SR&ED?
Eligible expenditures include salaries and wages of employees directly engaged in R&D, materials consumed or transformed, subcontractor fees (at 80% for arm's length), and overhead costs allocated to R&D activities.
What if my claim is reviewed by the CRA?
We provide full support during CRA reviews, including preparing additional documentation, attending meetings with CRA officers, and addressing any questions or concerns they may have about your claim.