JPK Associates Inc.

The SR&ED Program

The Scientific Research & Experimental Development (SR&ED) Program is a tax incentive program provided by the Government of Canada.

The program's mandate is to encourage Canadian businesses of all sizes to conduct research & development that will lead to new or improved technologically advanced products or processes.

In 2016, the program was used by over 17,000 companies and provided approximately $2.75 billion/year in investment tax credits (ITCs).

Participation in this program does not exclude participation in other Government Assistance Programs

Our service

If you perform work to achieve a technological advancement that creates or improves new materials, devices, products or processes then you may be eligible for a TAX REFUND. Let us help you prepare your SR&ED claim.

Canadian Corporations are allowed to submit an SR&ED claim no later than 18 months from the end of the taxation year in which the SR&ED expenditure occurred.

Call us now before you miss your filing deadline!

Definition

Experimental Development

is “… work undertaken for the purpose of achieving technological advancement for the purpose of creating new, or improving existing, materials, devices, products or processes, including incremental improvements thereto,”.

Is your work eligible?

The CRA applies a five question methodology to establish if your work is eligible:

  1. Was there a scientific or a technological uncertainty?
  2. Did the effort involve formulating hypotheses specifically aimed at reducing or eliminating that uncertainty?
  3. Was the overall approach adopted consistent with a systematic investigation or search, including formulating and testing the hypotheses by means of experiment or analysis?
  4. Was the overall approach undertaken for the purpose of achieving a scientific or a technological advancement?
  5. Was a record of the hypotheses tested and the results kept as the work progressed?
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