Your Strategic Funding Partner

SR&ED

SR&ED (Scientific Research and Experimental Development) is the largest tax incentive program that encourages businesses to conduct Scientific Research and Experimental Development work in Canada.  The program does this by letting you deduct your SR&ED costs from your income for tax purposes. Also, the program gives you an investment tax credit that you can use to reduce your income tax. Companies of all sizes from all sectors with permanent establishment in Canada are allowed to submit SR&ED claims.  Any business that is doing basic or applied research, or is advancing technology to improve or develop new materials, devices, products or processes, may be eligible to make a claim under the program.

BIT  has extensive experience in helping companies to assess SR&ED eligibility, provide cost-benefit and risk management analysis while assisting our clients to prepare an SR&ED claim. 

SR&ED Application

SR&ED Audit

With the SR&ED program shift from incentive to compliance, the process for a company to submit a SR&ED claim can be time consuming. Engaging our consultant will help you to gain a better understanding of the program requirements, optimize the claim strategy and reduce the burden on the team.
CRA carries out SR&ED Audits to ensure compliance of the program. With years of experience in working with CRA, we can offer assistance from both technical and financial perspectives to help you prepare for the audit, and will provide guidance by your side throughout the review process.

Contemporaneous Assistance

Build Internal Process 

The traditional method of preparing a SR&ED claim after the completion of the fiscal year is out-dated and does not fit CRA‘s requirements, especially for first time filers. We will partner with your team throughout the year to ensure the understanding of the documentation requirements. With full transparency, we will devise the process that fits your needs and internal processes.
With more emphasis on information tracking from CRA, we recognize the importance of building an internal process into your daily activities. With such requirement from our clients, we will assist the team to establish a tailored and integrated process to collect the project info (technical and financial) throughout the year to provide more transparency and predictability for our clients.