Who Can Claim SR&ED

Canadian Controlled Priavate Corporations (CCPC) can earn a cash payment on qualified SR&ED expenditures.  This is possible even if you are a CCPC that has not paid any income tax.  A refundable tax credit on qualified SR&ED expenditures can be earned by Non-CCPCs which can be used to reduce tax payable in the current, past or future tax years.

Eligible Expenditures

The value of the SR&ED claim is based on eligilble expenditures in the SR&ED project.  The main contributors to those expenses typically include:

• Employees wages
• Materials consumed or transformed
• Canadian sub-contractors
• Overhead
• Expenses directly associated with SR&ED
• Payments to research institutes or universities

Senior Consultants Only

At Ships Helm you only work with senior consultants who can get you through the process as quickly and painless as possible.  We typically here that our approach takes 10-20% of our customers time vs their past consultants.  We know exactly what your claim should emphasize and what it shouldn't.