Research & Development Services

The key to success is identification of quality projects, preferably early in the project so we can capture all of the costs! C&R Engineered Solutions Inc., works with you through all the various stages of your project to maximize your cost recovery.

Scientific Research and Experimental Development (SR&ED)
The SR&ED tax incentive program was established to encourage businesses, especially small and start-up firms, to develop new or technologically advanced products or processes. This is a Canadian-wide program, which can also include complementary provincial support.

For many privately-owned companies, this could be worth approximately 41% of eligible expenses, including Ontario tax credits. For large and/or foreign owned companies tax credits of 20% are normal. Eligible expenses include a significant portion of labour, material, capital expenditures and sub contractor costs.

Key indicators – project cost overruns, large contractor payments, new capital goods, scientific/engineering staff, R&D department, custom manufacturer, high-tech Company.

Is it worth it? For a company with $250,000 of eligible expenses at the 41% level, the refund would be about $100,000. At a net profit of 10%, that is the equivalent of a $1 million sale!

C&R can also assist with IRAP and OIDMTC programs.
Click here for more information on SR&ED from the accounting perspective.

Lead generation by: Pure Design Marketing