SR&ED Year-End Checklist: Maximizing Your Claim
Maximize your SR&ED claim before year-end. Track expenses, clean up documentation, and capture every eligible cost for a stronger submission.
Better and faster technical interviews
More convenient scheduling and faster claim preparation
Less expensive than EY, Deloitte, KPMG, PWC, MNP, RSM, GT or BDO
Larger claims with less effort for your team
Supervised-AI platform combines the power of AI with our teams experience filling thousands of successful SR&ED claims to reduce the risk of audit.
If you had a poor result with other consultant, we have the successful track record and expertise to defend your claim.
Faster claim preparation results in a faster refund to improve cash flow
We have unlimited resources to accommodate your timeline
No need to complete forms, revise multiple times and do all the work
We remember every detail from one year to the next
A combination of human-AI power results in best in class claim preparation
Submit as many projects as needed to maximize SRE&D refunds
Efficient collection of supporting documentation to defend the work
Deep understanding of CRA policies and tax credit rules
We specialize not only in SR&ED Tax Credits, but also Cleantech, Digital Media, and others
Our advisors ensure you aren't leaving any money on the table
We are your strategic partners, dedicated to unlocking the full financial potential of your tax credits
Our proprietary system ensures you receive the best service with the largest most accurate SR&ED claim.
Our team has the most experience filing interactive digital media tax credit claims. Combined with SR&ED you will maximize your government incentives.
Want to work with the experts to get your share of $80B in cleantech tax credits. We have the tools to simplify and maximize your cleantech tax credits.
We advise and support companies applying for many grants. Our tools help you pair the best grants for your business to maximize government assistance. We've build and sold businesses, financed hundreds of companies and provided consulting services for thousands. Just ask!
Some grants require matching funds or co-financing as a condition of the grant to demonstrate commitment and ensure that the funds are used effectively. This requirement varies by grant and should be verified before application.
Clean technology tax credits in Canada are financial incentives designed to support businesses that invest in the development and implementation of environmentally friendly technologies. These tax credits aim to encourage companies to engage in activities that have a lower impact on the environment, such as renewable energy projects, waste management, and pollution reduction technologies. Businesses can benefit from these credits by reducing the amount of tax they owe to the government, making it more financially viable to invest in green technologies. These incentives not only help companies save money but also promote sustainable development and contribute to Canada’s environmental goals, such as reducing greenhouse gas emissions and fostering innovation in the clean tech sector.
The SR&ED program is a Canadian government tax incentive designed to encourage businesses of all sizes and in all sectors to conduct research and development (R&D) in Canada. Eligibility for SR&ED is broad, encompassing companies performing work that advances scientific knowledge or achieves technological improvements. Eligible activities can include developing new products or processes, or improving existing ones through technological advancements. The key is that the work must involve systematic investigation or experimentation and aim to resolve scientific or technological uncertainties.
To apply for a government grant, start by visiting the relevant government website to understand the specific requirements and application process. This typically involves completing an application form, providing a detailed business plan, and submitting any required financial documentation.
Typically, ongoing maintenance, support, and content updates are not eligible for Digital Media Tax Credits, as the credits are generally aimed at the initial development phase of digital media products.
Yes, SR&ED claims often do affect your financial statements. When you receive an SR&ED tax credit, it typically appears as a reduction in tax expense in your profit and loss statement, which can increase your net income. If you capitalize the expenditures associated with the SR&ED claim, they may appear on your balance sheet as an asset, impacting both your asset valuation and potentially your depreciation calculations in future periods. Additionally, any refunds or credits received can also affect your cash flow statement, reflecting the inflow of cash from the government. Properly accounting for these items ensures accurate financial reporting and can influence your company’s financial health and tax strategies.
Maximize your SR&ED claim before year-end. Track expenses, clean up documentation, and capture every eligible cost for a stronger submission.
Turn your hardware and electronics R&D into SR&ED tax credits. Recover costs and fuel innovation with expert guidance from GrowWise.
The inaugural Waterloo Tech Week was a hit. With 70+ events across 5 days, the Kitchener-Waterloo (KW) tech ecosystem is thriving.