 | Brief description of the program
Even if your company does not as yet pay corporate taxes or benefit from other government programs such as grants or even if you so not believe that your company is eligible because you question whether or not you do scientific research & experimental development, you CAN, in the majority of cases claim SR&ED tax credits. To be eligible, all your company has to do is to be involved in activities that are considered scientific research & experimental development. |
If you are uncertain of the outcome of a project that the solution of which will bring you technological advancement, you ARE researching and, therefore, are eligible for the SR&ED tax credits! Here are some examples; - You are developing a new product;
- You must develop a new production method;
- You are producing prototypes;
- You are reducing your production rejection rate by using a new procedure that is adapted to your company;
- You are modifying or adapting equipment;
- You have subcontracted to a company to research for you.
G4Sco can help you to recuperate important amount of money related to your SR&ED. Let us to meet with you and we will offer, free of charges, our diagnosis for your future claims. You might be surprised by the results! Do not be part of the 60% of eligible contributors who do not claim their dues How can the SR&ED program favour your company with G4Sco? - Your company can benefit from tax incentives that will help you finance your scientific research and technological advancement projects needed so your company stays competitive;
- Put your company in a favourable position when comes time to submit your next SR&ED projects;
- Reduce your SR&ED expenses to reduce your taxes for the current year OR differ these deductions indefinitely to reduce your taxes for years to come;
- Receive Investment tax credit (ITC) OR reduce income taxes payable OR Both! Unclaimed ITC can be reported to the 3 previous years or 20 following years;
- Get your SR&ED expenses returned for up to 30 months retroactively;
- Obtain up to 18 months after your fiscal year-end to claim;
- Finance your SR&ED tax credit return for a fast refund.
Editorial content: www.cra-arc.gc.ca/txcrdt/sred-rsde G4Sco will guide you throughout the annual process and assist you all the way so that your claims are presented on a timely basis and precision, maximizing your SR&ED tax credit returns SR & ED Our fees
G4Sco, Partners in the success of the Quebec manufacturing industry! |