From creating new products to improving technologies, innovation is the cornerstone of Canadian competition. The Canadian government offers some of the most generous tax credit benefits in the world under the Scientific Research and Experimental Development (SR&ED) investment tax credit program. Without professional guidance, your company could be missing out on valuable funding.

With decades of experience supporting clients interested in applying for this credit, Baker Tilly Canada advisors are uniquely equipped to maximize your company’s tax credit potential. We can both identify previously unclaimed⁠ –⁠ but potentially eligible ⁠–⁠ technical work, while guiding you through the complex eligibility process and minimizing your administrative burden.

What your company stands to gain

Our experts have filed more than $2 billion of successful SR&ED claims on behalf of clients across a broad range of industry sectors, including automotive, IT, manufacturing, medical sciences, chemical, as well as oil  gas.

Eligible private companies can recover more than 60 per cent of qualifying expenditures in cash refunds, while larger private and public companies can receive tax credits amounting to more than 25 per cent of their expenditures.

In addition, any unused SR&ED tax credits can be carried back for three years and forwarded for 20 years. For certain Canadian-controlled private corporations, the credit is refundable even if no tax is owing.

Customized support to maximize success

Our SR&ED services are tailored to meet your company’s specific needs and include:

• Identifying and tracking eligible projects by conducting a thorough review of your business processes
• Preparing technical reports based on qualifying activities
• Identifying eligible costs on a project basis
• Working with your company to ensure synergies between your claim submission and tax return
• Providing advice and tax planning strategies to minimize your overall tax burden
• Training your employees to ensure they understand the program’s criteria, parameters and requirements
• Meeting with government reviewers or auditors to ensure projects are presented in the best manner, to maximize chances your claim will be successful

The SR&ED tax credit could be an important element of your business success, and we are here to help you maximize the potential benefit of this program.

Contact your Baker Tilly advisor to learn more.