Canada’s Scientific Research and Experimental Development (SR&ED) tax credit program provides generous incentives for companies that conduct research and development. SR&ED helps innovative companies move a product from its current stage, forward. The SR&ED program provides the financial security necessary to explore and experiment when there is some uncertainty of the outcome. Essentially, it’s a license to experiment and test new hypotheses and processes while offsetting some of the financial risk.
Administered by the Canada Revenue Agency and supplemented by the Ontario Innovation tax Credit, SR&ED is unquestionably the best government program available to support R&D in Canada. However, the SR&ED application process can be complicated and resource-intensive. As experts in the SR&ED program, this is where Telos comes in. We assist our clients with SR&ED claim administration and R&D program development, with the ultimate goal of increasing R&D potential for businesses in Northern Ontario. On average, our clients receive $65,000 in tax credits every year. We have a perfect record of claim acceptance with several million dollars in SR&ED claims developed since 2004.