Maximize your Scientific Research and Experimental Development Refund

Did you know that any Canadian-owned business involved in research and development (R&D) or experimentation can apply for a Scientific Research and Experimental Development (SR&ED) refund? The SR&ED incentive program is a Canadian federal government program structured to support Canadian companies engaged in R&D and experimentation by compensating their expenditures made on R&D, including employee wages and owner’s labour, sub-contracts and material expenses. Companies that are granted the SRED refunds receive the cheques from the Federal Centre (CCRA) and the Ontario Ministry of Finance. 

Has your company taken any environmental initiates and invested into Clean Technologies? Scientific Research & Experimental Development (SR&ED) program can help to maximize the return on investment of your environmental initiatives, as the Government of Canada encourages SMEs to be more environmentally committed. Under SR&ED program, your company can receive tax credits or refunds for technological research or development resulting in some advancement (including environmental), either in the form of new capabilities, or new knowledge. Some of your environmental initiatives may involve implementation of Clean Technologies, such as: recycling, water purification, sewage treatment, environmental remediation, flue gas treatment, solid waste management, and renewable energy.

How can your company utilize SR&ED program to support its research and development of Clean Technologies?

• SR&ED refunds can be significant support in offsetting salary expenses and associated overhead of your environmental program
• Financial benefits of government tax and refund programs can have a meaningful impact on the return on investment of environmental initiatives
• If your company aligns business planning with a strategy of receiving SR&ED refunds, it will impact both your financial bottom line and the environmental one

How do I maximize my Scientific Research and Experimental Development Refund?

SRED Unlimited specializes in securing SR&ED refunds and tax credits by using technical engineering consultants familiar with a host of industries (software development, mechanical or industrial engineering, printing and manufacturing among them), and have an intimate understanding of technology and production processes. A SRED Unlimited Consult will work with you to prepare a detailed technical report describing your project and the development or experimentation performed. SRED Unlimited financial consultants will also prepare all of the tax schedules and accounting reports detailing the costs associated with the project. In the end, they will submit the SRED claim on behalf of your company.

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If you are interested in speaking to an SRED Unlimited Consult, visit their website or send us an email with your name, company name, phone number and email address, and we will have an SRED Unlimited Consult contact you.