MAXIMIZE YOUR SR&ED TAX CREDIT OR REFUND!
Claiming SR&ED tax credits and refunds has never been easier with SRED Unlimited’s consultants.
|Q:||Is my company eligible to receive SR&ED refunds?|
|A:||Any Canadian-owned business involved in research and development (R&D) or experimentation can apply for a Scientific Research and Experimental Development (SR&ED) refund. The SR&ED incentive program is a Canadian federal government program structured to support Canadian companies engaged in R&D and experimentation by compensating for expenditures made on R&D, including employee wages and owner’s labour, sub-contracts and material expenses|
|Q:||How much time do I need to spend with SRED Unlimited consultant to ready my claim for submission?|
|A:||Between six and eight hours total|
|Q:||If my company is not showing a profit, and I am not paying taxes, can I still be eligible for SR&ED refunds?|
|A:||Even if no taxes have been paid, you still could be eligible for refunds on expenditures made on R&D.|
|Q:||How am I billed for preparing my submission?|
|A:||Fees are performance based. There are no upfront fees or retainers. If the claim does not qualify, there is no fee.|
|Q:||How long does it take to receive a refund once the submission is filed?|
|A:||It can take between three and four months if the T2 Corporate Income Tax return and SR&ED claim are filed simultaneously.|
|Q:||Is there a time limit for submitting SR&ED claims?|
|A:||SR&ED claims must be submitted within 18 months of the fiscal year end.|
|Q:||What refund amount can I expect?|
|A:||Refunds can vary based on the projects claimed as well as the size of your company’s payroll.|
|Q:||Does the government control how your refund is used?|
|Q:||How is my confidentiality assured?|
|A:||SRED Unlimited guarantees client confidentiality by signing a Non-Disclosure Agreement before starting to work on the claim preparation.|
|Q:||Do you work alongside accounting firms?|
|A:||Yes, we will gladly work with accounting firms of any size. Acting as an extension of your firm’s team, SRED Unlimited guarantees confidentiality, professionalism and the highest standard of business ethics.|
Please feel free to contact us with any additional questions.