A SR&ED Engineer is a professional who knows the Scientific Research and Experimental Development (SR&ED) Tax Incentive Program extremely well.
A qualified SR&ED Engineer has:
• Over 10 years experience as an engineer in the field
• An engineering degree, as well as other degrees and accreditation
• Knows the technical language the CRA will accept
• Knows how to leverage his/her expertise to maximize a SR&ED claim
A qualified SR&ED Engineering firm:
• Has filed over 500 claims successfully
• Has a less than 1% error rate, meaning over 99% of all claims filed were successful
• Has a database of successful claims to benchmark your claim against
• Only hires or contracts qualified SR&ED Engineers
• Only gets paid if the claim is successful
The SR&ED Tax Credit Program
The SR&ED program is a federal tax incentive program, administered by the Canada Revenue Agency (CRA), that encourages Canadian businesses of all sizes, and in all sectors to conduct research and development (R&D) in Canada. The SR&ED program gives claimants cash refunds and/or tax credits for their expenditures on eligible R&D work done in Canada.
Amount of the tax claim varies by province. It is the largest single source of federal government support for industrial R&D. $3 – $4 Billion dollars is claimed each year, by both large and small Canadian corporations, public companies, and sole proprietors.