Providing Incentives

The federal government provides income tax incentives to Canadian taxpayers that conduct scientific research and experimental development in Canada. The program encourages industry, including small business and start-up firms, to develop or improve products and processes in Canada. The program offers tax incentives in the form of refundable and non-refundable tax credits ranging from 20% to 35% on qualified expenditures.

The guidelines governing the program are complicated -- the nature of eligible activities, company structure and taxation status are all factors that affect the application strategy. Consequently, many companies overlook activities that could be considered scientific research or experimental development. Our Team is diligent in identifying projects & and proving eligibility.  We will lead and direct the complete process and help you achieve your maximum entitlement. 

Filing Deadline It is important to recognize that SR&ED submissions must be made within 18 months after the year end date of the year in which expenditures occurred. If you do not file your SR&ED claim within this timeframe YOUR CLAIM IS LOST AND YOU WILL NOT BE ABLE TO RECOVER THOSE SR&ED EXPENDITURES.

What Activities Qualify? The Recoup Group, Inc. has concluded that many businesses are unaware that some or all of their product development and/or product and process imporvement activities may qualify for benefits from the SR&ED program.  Let Recoup Group will guide you through the process.