Scientific Research & Experimental Development (SHRED)
We Will Manage The Intricacies
Mississauga-based SR&ED Tax Credit Services
Reclaim your R&D expenses this year by submitting your SR&ED claim through Business Development Services.
Collaborate with Business Development Services and.
- Gain financial support for your R&D expenses through tax incentives.
- Receive prompt payment by filing accurately and meeting deadlines.
- Enjoy a risk-free return on investment as we only charge when you receive your funds
Summary of SR&ED
The Canadian federal government allocates $6 billion in credit payments each year through the Scientific Research and Experimental Development Program (SR&ED). This program is a tax incentive for innovative research and development (R&D) companies.
Under the SR&ED, qualifying businesses and entrepreneurs can receive cash refunds for eligible scientific and technological R&D work conducted within the preceding 18 months. By taking advantage of the program, companies can recover up to 70% of their qualifying expenses through refundable and non-refundable tax credits. This financial support helps lower R&D costs, facilitating company growth and enhancing competitiveness.
To benefit from the SR&ED, submitting an accurately completed claim in the tax return is essential. As numerous companies are vying for these credits, precision is crucial.
Business Development Services offers end-to-end tax filing services to businesses seeking the SR&ED credit. By collaborating with Business Development Services, you gain access to a comprehensive and compelling SR&ED claim that aids in recovering a portion of your R&D expenses.
Let The CRA Cover Your R&D Expenses
The primary reasons for many companies being unable to recover their R&D spending are improperly completed SR&ED schedules and inadequate documentation. To address this, our team of accountants and technical experts approach your SR&ED claim with the same rigor as a thorough CRA audit. We diligently locate and submit the necessary evidence, ensuring a 100% accurate filing. With our meticulous approach, there will be no reason for the money owed to you to be withheld.
Put an end to scrambling for proof.
Don't limit your R&D spending recovery to just this year. Why not ensure payments in the future as well? We will prepare your company to effortlessly reclaim R&D costs in the long run by providing training to your team on accurately tracking employee time, expenses, and other essential documentation.
Pay Only When You Receive The SR&ED Credit.
At the core of our success is the success of our clients. This means that we only receive payment when you earn the SR&ED credit. By partnering with us, you can be assured of a guaranteed return-on-investment (ROI).
- Designed or developed new software.
- Created a new product, built a prototype, or enhanced an existing design.
- Invested in resolving underlying technical challenges within your business.
- Engaged in engineering, design, data collection, testing, or development work.
- Conducted research for academic or industry purposes.
If you have undertaken any of the activities mentioned above or more, you could be eligible to recoup a portion of your R&D expenses through the federal government.
Mississauga's SR&ED Tax Services.
SR&ED Consultants Assisting Businesses
Business Development Services are experienced SR&ED consultants, assisting businesses from diverse industries in Mississauga and surrounding areas to obtain funding for their R&D expenditures. To learn more, reach out to our SR&ED experts at bus.developmentservices@gmail.com.