SR&ED claims encompass a wide range of activities aimed at advancing scientific knowledge and technological innovation. Whether you're conducting basic research, developing new products, or enhancing existing processes, there may be opportunities to benefit from SR&ED tax incentives. However, navigating the eligibility criteria and documentation requirements can be daunting, so it's advisable to seek professional guidance from SR&ED consultants or tax experts to maximize your claim potential. For more, visit us at https://canadiansred.ca/sred-claims-credits/

1. Explore The
Various Types
of SR&ED
Claims and
Their Benefits

2. Introduction
If you're a business owner or part of a research team in
Canada, you've heard about SR&ED tax incentives. These
incentives are designed to encourage innovation and
technological advancement by providing tax credits or
refunds to businesses that conduct eligible R&D activities.
However, navigating the world of SR&ED claims can be
complex, especially when it comes to understanding the
different types of claims available.

3. Basic Research
Basic research involves the systematic study directed
toward greater scientific knowledge, with no specific
practical application in mind. SR&ED claims can be
made for basic research activities that meet certain
criteria, such as the pursuit of new scientific principles
or the development of new methodologies.

4. Applied Research
Applied research aims to solve specific problems or
develop new technologies with practical applications.
This type of research bridges the gap between
theoretical knowledge and real-world implementation.

5. Experimental Development
Experimental development involves the systematic work
undertaken to create new or significantly improved materials,
products, processes, or services. SR&ED claims for
experimental development activities may include expenses
related to prototype development, testing, and refinement.

6. Supporting Activities
In addition to the core R&D activities mentioned above, certain
supporting activities may also qualify for SR&ED tax incentives.
These activities include activities such as engineering, design,
testing, and data collection that directly support the eligible
R&D work. Businesses can claim expenses incurred for
supporting activities that are integral to the overall R&D
process.

7. Contract Research
Many businesses collaborate with external partners or
contractors to conduct R&D activities. In such cases,
both the contracting party and the subcontractor may
be eligible to claim SR&ED tax incentives, provided the
work meets the eligibility criteria set forth by the
Canada Revenue Agency (CRA).

8. Software Development
Software development is a rapidly growing area of
innovation, with many businesses investing in the creation of
new software products or the enhancement of existing ones.
SR&ED claims for software development activities may
include expenses related to conceptualization, architecture
design, coding, testing, and debugging.

9. C A N A D I A N S R & E D S O L U T I O N S
Contact Us
Phone
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Email
info@canadiansred.ca
Address
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