SRED Unlimited at the Grow Up Conference, Toronto

We are excited to announce that SRED Unlimited will be participating in the Grow Up Conference in Toronto, from May 27-29, 2024.   As Canada’s #1 cannabis conference, Grow Up focuses on cultivation, brands, and retail within the cannabis industry. Founded in 2017, it has established itself as a premier cannabis event dedicated to fostering…

Details

Recognizing the Potential: The Growth Value of Small Seed Projects in SR&ED Claims

In the intricate landscape of preparing Scientific Research and Experimental Development (SR&ED) claims, it’s not uncommon to encounter projects that seem too small, too insubstantial, or too lacking in support to warrant the effort and cost of including it in a claim. This perspective can inadvertently lead to missing opportunities with SR&ED potential. The real…

Details

Unlocking Innovation: How Non-Technology Companies May Qualify for SR&ED Tax Credits

The Scientific Research and Experimental Development (SR&ED) program is Canada’s largest federal tax incentive program, designed to encourage businesses of all sizes and in all sectors to undertake technological risks and to conduct research and development in Canada. However, many non-technology companies – breweries, wineries, distillers, food producers, cosmetic science often overlook their eligibility for…

Details

SR&ED Tax Credits for Small Business Growth

In the dynamic and varied landscape of Canadian small businesses, innovation is a necessity for survival and growth. One significant, yet often underutilized tool for fueling this innovation is the Scientific Research & Experimental Development (SR&ED) tax credit program. The Canadian Government designed this initiative as a testament to its commitment to fostering a thriving…

Details

SR&ED Tax Credits for System Uncertainty

In the competitive landscape of the tech industry, companies engaged in AI, computer science and software engineering continually seek innovative solutions to stay ahead. One often overlooked but critical area in software development is the concept of system uncertainty.   The concept of technological uncertainty is a key part of an SR&ED tax credit claim.…

Details

Digging For SR&ED Gold: What Your SR&ED Consultant Really Needs to Know

Product developers and engineers tend to utilize a specialized vocabulary related to their industry processes. This vernacular, while varying across industries, is universally understood and forms the background jargon for the work. However, these common industry phrases can be quite different from SR&ED concepts, and not realizing the kinds of information your SRED Unlimited consultant…

Details

Debunking Common Myths About SR&ED

Scientific Research & Experimental Development (SR&ED) tax credits can be a valuable financial tool for businesses engaged in research and development (R&D). However, misconceptions surrounding this program may result in businesses losing out on real money. Let’s debunk some of these common SR&ED myths.   SR&ED Myth #1: The SR&ED Tax Credit Program doesn’t really…

Details

Featured Client Profile: Novah Healthcare

Chronic pain is often cited as one of the worst challenges a person may encounter in life. To everyone else, you look “normal”, but little does everyone know the struggle you face to accomplish everyday activities through incapacitating pain. Many current diagnostic tests may not be able to isolate a specific cause. Rarely does anyone…

Details

Innovation in Canada’s Booming Biotech Sector

Canada’s biotechnology and life sciences industry is experiencing rapid growth and development, making it a global hub for scientific research and innovation.   Canada’s biotechnology sector has recently gained international recognition for its unique strengths and capabilities and as a key player in the development of innovative solutions across healthcare, agriculture, and environmental challenges. Several…

Details

Why IRAP and SR&ED Can (and Should) Be Used Together

Canada’s research and technological innovation sectors are constantly growing and evolving—many times thanks to the accessibility of the funding opportunities offered by the Canadian government.   If you’re looking for ways to finance your business’s research and development projects or get your innovations to market, it’s time to take advantage of our government’s research initiatives. …

Details

What To Expect If Your SR&ED Claim Is Audited

The Forbidden Word: Audit   For many people, particularly those who deal directly with finances (whether business or personal), one of the scariest words in the English language is “audit”. It conjures images of a host of seemingly invasive and often confusing questions, and generating mounds of paperwork while taxing your financial reporting people.  …

Details

Spring Training and SRED Teamwork: Building a Championship Innovation Team

Welcome to SRED Spring Training 2023!   Lots of things are happening in the world of sports, right now ﹘ the NHL regular season is winding down and heading toward the trade deadline, March Madness in NCAA basketball is about to start, we’re halfway through the NBA regular season, and the World Baseball Classic is…

Details

Taking Chances, Making Mistakes: SR&ED for Technology and Innovation

Canadian companies must innovate to remain competitive in a global market. Even with the economic challenges after Covid lockdowns, we can’t lose sight of driving innovation and Canada’s economy forward. We can’t afford to fall behind.     Canadian Innovation on the World Stage   When the World Intellectual Property Organization (WIPO) released the annual…

Details

Featured Client Profile: Beary Berry Honey Inc.

Bees are nature’s original innovators – turning flower nectar and pollen into “liquid gold.” Rich in antioxidants and amino acids, honey has been revered as a very special and unique food product for centuries.   Sandra Thiessen from Beary Berry Honey Inc. in Alberta knows how special honey truly is. Beary Berry is a family-owned apiary…

Details

SR&ED For The Food & Beverage Industry 101

The food and beverage industry, which encompasses everything from restaurants to bakeries, breweries, distilleries, and soft beverage producers, to commercial kitchens and food producers, is an exciting, diverse, and highly innovative industry. For companies in this space, claiming SR&ED tax credits presents a unique opportunity. Many do not consider filing SR&ED for food and beverage…

Details

Tips for a Stress-Free Year End

Does the thought of finalizing your year-end fill you with dread? If sifting through piles of paperwork, updating spreadsheets, and tracking expenses make your blood run cold, we have some tips to help keep you on track and make your year-end run smoothly, regardless of when it is.   Best Practices   Technically, for the…

Details

The Innovation Mindset: Driving Businesses Forward

Innovation is Creativity in Action   Innovation is often used synonymously with creativity and ingenuity. Creativity is what drives businesses forward. It’s what inspired the opening of a business in the first place. But creativity and innovation don’t just stop once the doors are open. Businesses must continue innovating and fostering unique ideas to remain…

Details

SR&ED is for Non-Technical Companies, too!

Innovation is essential to every business- large or small! If your business could get paid to innovate, what doors would that open for you?   It is possible to receive funding for new and innovative ideas. Even if your original objective was not achieved, any Canadian-controlled private corporation (CCPC) may have SR&ED-eligible projects!   The…

Details

New Tool to Compile SR&ED Tax Credit Supporting Documentation

In every business, it is critical that the right value of research and development tax credits are claimed and that innovation as part of a business process is not missed.     Hence the founding of Scientifically Advanced Business Intelligence Inc. (SABI.ai), the creator of Serenity, the utility for capturing real-time data on your R&D investments. …

Details

Cybersecurity Part 2

Demystifying Encryption: What It Does and How It Works   Jason Coyne, SR&ED Technical Writer specializing in technology, science, and safety.   To mark this October’s Cybersecurity Month, we are providing a short guide to cybersecurity and cyberattacks. But, of course, every month is cybersecurity month. It is important to remain vigilant about protecting your…

Details

Cybersecurity – Part 1

Cyberattacks: What They Are and What to Do About Them Jason Coyne, SR&ED Technical Writer specializing in technology, science, and safety. To mark this October’s Cybersecurity Month, we are providing a short guide to cybersecurity and cyberattacks. But, of course, every month is cybersecurity month. It is important to remain vigilant about protecting your systems…

Details

CRA Issues Cautionary Statement to Businesses Using Third-Party SRED-Claiming Services

The CRA recently released a warning to companies who’ve been approached by third parties to prepare and submit an SR&ED claim on their behalf. Choose Your SR&ED Consultant Wisely   It goes without saying that not all SR&ED consultants are the same. In their release, the CRA has stated that they’ve received claims “containing false…

Details