Identifying SR&ED

Leading the way with integrated solutions in tax incentive programs


Checklist of qualifying SR&ED activities
Have you tried to make improvements to an         existing product?
Have you tested a prototype or developed a new          product?
Have you enhanced the capabilities of any                     production equipment?
Have you investigated or tested new materials?
Have you made any modification to an existing          software system or designed a new one?
Have you made any improvements to existing             production processes?

Here are some examples of industries that qualify for the program

  • Chemical products and processing
  • Computer science
  • Design and construction
  • Distributor and wholesaler
  • Electronics & optics
  • Food sciences
  • Information technology
  • Life and health sciences
  • Manufacturing
  • Machinery and equipment
  • Medical devices
  • Metalworking
  • Pharmaceuticals
  • Plastics and rubber
  • Robotics systems
  • Software engineering

If your answer is yes to any of the above questions, you may qualify for the SR&ED program. Many companies overlook the tax incentive program because they do not think their company engages in any “scientific research” or development activities or the company is too small to file a claim. GRS’s team of SR&ED specialists can qualify the SRED activities and help you get back the tax credits to could amount to substantial savings.

 

THE THREE PILLARS OF SR & ED


Pillar 1 – Technological Advancement

  • Developed advancement not from previously existing or available in standard practice
  • Need not be leading edge on a world scale. This is the goal and it should be measurable

Pillar 2 – Technological Uncertainty

  • Not knowing whether goals can be achieved
  • Outcomes could result in failure or partial success.

Pillar 3 – Technical Content

  • Qualified personnel with relevant experience in science, technology or engineering
  • Systematic Investigation – Systematic series of experiments or analyses need to be planned to test the hypothesis