PLANNING AND CLAIMING SR&ED TAX CREDITS
Are you looking into applying to a Scientific Research and Experimental Development (SR&ED) Tax Incentive Program from either the Canadian or Quebec government? The process might seem a bit daunting at first, but Cilex/Espace-O can help you with:
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Details on the available programs and their prerequisites.
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An assessment of your operations to determine which expenses could qualify for SR&ED tax incentives.
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Guidance through the process of filling out the T661 form, SR&ED Expenditures Claim.
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More specifically,
Our team will examine your operations and assess whether your projects are eligible for SR&ED tax incentives. This process, divided in three steps, will be carried out in cooperation with you and your staff:
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Step 1 – First meeting to outline the SR&ED program and visit the work environment (factory, workshop, laboratory, etc.) related to the SR&ED projects.
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Step 2 – Evaluation of SR&ED projects and eligible spending, gathering any information relevant to the projects (all evidence, technical documentation, and details required for the forms).
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Step 3 – Drafting of technical reports.
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Please note that we do not offer accounting guidance for the financial aspect of the tax incentive claim for SR&ED. This part will have to be handled by your accountant.
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To obtain SR&ED planning and claims services from Cilex/Espace-O, businesses must be incorporated.
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Cost?
The first 2 hours of consultation are free of charge.
Excess time will be billed at a rate of $150 per hour.
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Some examples of supported innovative projects:
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Experimental development in the assembly of aircraft frames and wings.
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Experimental development of new materials and components of aeronautical systems and technologies.
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Experimental development in the method and manufacturing process of aeronautics.
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Experimental development in aircraft maintenance and cleaning.
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Experimental development of mechanical, electrical and industrial technologies and equipment.
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Experimental development of new textile products, processes and manufacturing techniques.
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Development of new products, processes and manufacturing techniques in the food industry (food, beverages).
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Development of new products, processes and manufacturing techniques in the pharmaceutical and chemical industry.
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Development of new products, processes and manufacturing techniques in the pulp and paper industry.
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Development of new products, processes and manufacturing techniques in the electric and electronic industry (tools and devices).
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