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:
Details on the available programs and their prerequisites.
An assessment of your operations to determine which expenses could qualify for SR&ED tax incentives.
Guidance through the process of filling out the T661 form, SR&ED Expenditures Claim.
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:
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.
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).
Step 3 – Drafting of technical reports.
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.
To obtain SR&ED planning and claims services from Cilex/Espace-O, businesses must be incorporated.
The first 2 hours of consultation are free of charge.
Excess time will be billed at a rate of $150 per hour.
Some examples of supported innovative projects:
Experimental development in the assembly of aircraft frames and wings.
Experimental development of new materials and components of aeronautical systems and technologies.
Experimental development in the method and manufacturing process of aeronautics.
Experimental development in aircraft maintenance and cleaning.
Experimental development of mechanical, electrical and industrial technologies and equipment.
Experimental development of new textile products, processes and manufacturing techniques.
Development of new products, processes and manufacturing techniques in the food industry (food, beverages).
Development of new products, processes and manufacturing techniques in the pharmaceutical and chemical industry.
Development of new products, processes and manufacturing techniques in the pulp and paper industry.
Development of new products, processes and manufacturing techniques in the electric and electronic industry (tools and devices).