SR&ED Support: Maximize Your Innovation Returns
Unlock Your Business’s Potential with OG’s SR&ED Expertise
The Scientific Research & Experimental Development (SR&ED) tax credit is a powerful incentive for businesses engaged in innovation. At OG, we specialize in helping businesses become SR&ED-ready, ensuring that they document and structure their research projects to maximize tax benefits while staying fully compliant.
What is SR&ED?
The SR&ED program, administered by the Canada Revenue Agency (CRA), provides tax incentives for companies investing in research and development (R&D) in Canada. Businesses across technology, manufacturing, engineering, life sciences, and green energy can benefit by claiming:
- Investment Tax Credits (ITCs)
- Refundable Tax Credits for Eligible R&D Activities
- Deductions Against Business Income
Not sure if your project qualifies?
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How to Be SR&ED-Ready: The OG SR&ED Framework
We help businesses document and structure their R&D activities effectively. Our three-part SR&ED Framework ensures that your claim meets CRA requirements by focusing on:
Part 1: Project Objective
The goal of this section is to clearly define the purpose of your research and the technological advancements you aimed to achieve.
Key Questions to Consider:
- What is the nature of your R&D project?
- What specific technological advancements were you trying to achieve?
- How does your project push the boundaries of technology in your industry?
Example: "Our project aimed to develop an advanced machine learning algorithm to optimize predictive maintenance in industrial equipment, reducing downtime and increasing efficiency."
Part 2: Technical Approach
This section explains how the project was executed, the technology stack involved, and the methodologies used.
Key Questions to Consider:
- What technologies (e.g., programming languages, databases, frameworks) were used?
- How was the system or product architected?
- How did you test and optimize the technology for performance, scalability, or usability?
Example: "We used a Python-based technology stack with TensorFlow for machine learning, AWS for data processing, and React.js for visualization. Multiple rounds of testing were conducted, including stress tests using JMeter."
Part 3: Challenges & Solutions
This section highlights technological uncertainties, development iterations, and knowledge gained during the project.
Key Questions to Consider:
- What technological challenges or uncertainties did you encounter?
- How did these uncertainties impact the project?
- What solutions or new knowledge were developed as a result?
Example: "We encountered performance bottlenecks in real-time data processing. After multiple iterations, we developed a data compression algorithm that reduced processing time by 40%."
Our SR&ED Support Process
At OG, we take care of everything—from assessing eligibility to filing SR&ED claims—so you can focus on innovation.
- Step 1: SR&ED Readiness Assessment
- Identify eligible projects and expenses
- Evaluate technological advancements and compliance
- Step 2: Documentation & Project Tracking
- Implement best practices for tracking R&D activities
- Guide your team in maintaining CRA-compliant records
- Step 3: Preparing & Filing Your SR&ED Claim
- Draft detailed project descriptions & financial reports
- Accurately allocate eligible expenditures
- File within the correct tax period
- Step 4: CRA Review Support & Follow-Up
- Provide full audit support if required
- Ensure proper documentation to substantiate claims
Why Choose OG for SR&ED?
- Expert Guidance – We navigate the complex SR&ED process for you.
- Maximized Returns – We ensure you claim every eligible tax credit.
- CRA Compliance & Audit Support – We handle documentation and CRA queries.
- Tailored SR&ED Strategies – Our framework is designed to optimize tax benefits for businesses of all sizes.
Maximize Your SR&ED Benefits with OG
With OG’s expertise, you can focus on innovation while we handle your SR&ED claims. Let’s turn your research and development into valuable tax credits.
Ready to Claim Your SR&ED Tax Credits?
Contact to Book SR&ED Consultation