The SR&ED Canada Tax Credit Program (Scientific Research & Experimental Development) provides significant tax benefits, including cash refunds to businesses carrying out all types of research in Canada.  RDP has been dedicated to proactively helping companies make successful claims since 1988.

RDP utilizes the skills and experience of highly qualified Technical Consultants as well as Financial Associates to complete our comprehensive assessments of SR&ED tax credit potential.  Most of our Consultants have well over 10 years of experience in a wide range of industries.

How Does the SR&ED Tax Credit Program Work?

This program is the most accessible and arguably provides more R&D funding to Canadian businesses than any other Government Assistance Program available.  Here's how the Program works:

• The SR&ED Canada Tax Credit Program acts like a government grant for Canadian controlled private corporations (CCPCs) that meet certain criteria.
  
  
• In certain circumstances, the Federal Government provides a refundable tax credit rate of 35%.  If your Company doesn't owe any tax in a given year, the SR&ED Tax Credit is refunded in cash.
  
  
• The provinces also provide R&D incentives.  For example, Ontario makes available a 10% refundable tax credit.
  
  
• Large, foreign controlled or public companies which are not eligible for the federal 35% refundable tax credit are eligible for a 20% non-refundable federal SR&ED tax credit.

• There are three criteria that must be met, to determine if a project is eligible for SR&ED.  First, there must be a technological advancement in the business setting.  Second, a technological uncertainty must exist.  Finally, an experimental process must be followed.

• There are two components of an SR&ED Tax Credit claim: the first component is identifying an SR&ED project and writing up a project description; the second component is to identify the eligible expenditures that qualify as SR&ED which can then qualify for a tax credit.
  
• Many complex provisions exist under the Income Tax Act as well as numerous precedent-setting court cases, along with administrative positions set out by CRA.  RDP helps clients cut through this maze of rules so that successful claims can be made quickly, efficiently and expediently.
  

How RDP Helps:

1. Implementing an SR&ED Tax Credit System:
   We believe the best practice to developing consistently successful claims is for our clients to implement an SR&ED system.  RDP helps in setting up and monitoring this process that captures, evaluates, and documents SR&ED activities on an ongoing basis.
   
   
2. Assistance with Filing an SR&ED Tax Credit Claim:
   RDP Consultants help identify, evaluate, and assist your Company's R&D personnel to prepare project descriptions and gather all eligible SR&ED expenditures.
   
   
3. Maximizing your SR&ED Claim:
   If you prepare your claim in-house, take advantage of RDP's "Claim Review".  RDP reviews the claim to ensure SR&ED costs are maximized.
   
   
4. Assisting Clients in the CRA Review Process:
   As part of the SR&ED tax credit program, CRA reviews both technical and financial information submitted by SR&ED claimants.  RDP helps to facilitate this review by meeting with you and CRA to ensure all appropriate information is provided, as well as the proper application of tax rules and administrative positions.
   
   
5. Workshops:
   RDP provides hands-on workshop seminars for our clients.  We dissect, identify, and evaluate SR&ED using your Company's specific examples.  The end result is a full project description and an evaluation of all qualified expenditures related to the project, plus practical assistance to all relevant technical staff and managers.
   

For further details that fit your specific needs, please see our Frequently Asked Questions (FAQ) Section.

Benefits of Using RDP:

• Outsourcing an SR&ED Tax Credit claim to RDP dramatically decreases your staff time spent on assembling the claim.  Your staff can spend their time on the job they were hired to do.
  
  
• We review many claims each year, for all different types of companies.  We see the results of each of these claims and therefore have a large knowledge base of what qualifies.
  

Ready to learn more?  Please Contact Us for your free consultation!