Claim your SR&ED
refund today.

Find out instantly how much your business could qualify for.

SR&ED Refund Calculator

Payroll

Salaries and wages excluding contractor expenses.

Materials

Total cost of materials used, excluding materials purchased through contracts.

Contractors

All expenses for 3rd party contractors involved in the project.

About the SR&ED Program

SR&ED is a federal program to fund scientifc research and experimental development. Eligible businesses get a refund of up to 64% of eligible expenses. Every year, over $3B are disbursed to more than 20,000 applicants.

Requirements

01

The business must be engaged in basic research, applied research or experimental development.

02

The business must have staff on payroll and needs to exist for a minimum one fiscal year.

03

The business went through an iterative process to try to overcome challenges or uncertainties.

Requiti makes SR&ED easy. We help you and your
business qualify and apply for the SR&ED Tax Credit.

Eligibility Review

See if you qualify:

Requiti powers over 400 businesses
in Canada

$ 0 M+

Funding Received

Our Process

01. ASSESSMENT

One of our advisors will meet with you to understand your situation and requirements. We will propose a Funding Plan that outlines the scope and which options are available to you and your company.

02. PREPARE DOCUMENTS

We will collect and review all documents, invoices and supporting materials, as well as connect with your corporate accounting team for details. Once we have everything, we prepare technical work reports and any other remaining documentation.

03.CRA REVIEW SUPPORT

Once the Government Agency has received your claim, they will review and schedule a call to discuss. Requiti leads this call and takes care of communicating with the Government until the claim is approved.

Frequently Asked Questions

The SR&ED program is available to any business operating and carrying out R&D in Canada that is involved in basic or applied research, or in advancing technology to improve or develop new materials, devices, products, or processes may be eligible under the SR&ED program.

The work must fall into one of the following categories: 

  • Experimental development – This is the work done to achieve technological advancement for the purpose of creating new, or improving existing, materials, devices, products, or processes.
  • Applied research – This is work done to advance scientific knowledge with a specific practical application in view.
  • Basic research – This is work done to advance scientific knowledge without a specific practical application in view.

SR&ED can also include other work that is directly in support of the experimental development, applied research or basic research. This support work includes only the following eight specific types:

  • Engineering
  • Design
  • operations research
  • mathematical analysis
  • computer programming
  • data collection
  • testing
  • psychological research

The support work to be claimed must correspond to the needs of the experimental development, applied research or basic research performed.

Certain work is not eligible for benefits under the SR&ED program, including: 

  • market research or sales promotion
  • quality control or routine testing of materials, devices, products, or processes.
  • research in social sciences or the humanities.
  • prospecting, exploring or drilling for, or producing minerals, petroleum or natural gas.
  • commercial production of a new or improved material, device or product, or the commercial use of a new or improved process.
  • style changes,
  • routine data collection.

You may claim many of the expenditures incurred for SR&ED during your fiscal year. These expenditures may include: 

  • Salaries and wages
  • Materials
  • SR&ED contracts
  • Lease costs of equipment
  • Overhead
  • Third-party payments
  • Capital expenditures
To apply for SR&ED tax incentives, you must file the applicable prescribed forms by your reporting deadline. The reporting deadline for corporations is 18 months from the end of the tax year in which you incurred the expenditures. To make an SR&ED claim you must file an income tax return along with the following prescribed forms as well as supporting documentation.
  • Form T661, Scientific Research and Experimental Development (SR&D) Expenditures Claim
  • Form T2SCH31, Investment Tax Credit – Corporations, or
  • Form T2038 (IND), Investment Tax Credits (Individuals)
Requiti Capital makes SR&ED easy. Reach out today for a free consultation with an SR&ED specialist. Let’s Talk

When you send in your claim, the CRA will determine if it can be processed as filed without further review. If they can process your claim as filed, they will reduce your taxes payable or, if applicable, issue a cheque to you. If the CRA cannot process your claim as filed, they may contact you to request more information or to discuss the review of your claim.

If you qualify for a refund, your claim can usually be processed within 120 days after the CRA receives it.

Generally, the best evidence is that which was generated as the SR&ED was being carried out. Examples of technical and financial supporting evidence that could be kept are:

  • Project planning documents
  • Documents on design of experiments
  • Experimentation plan
  • Design documents and technical drawings
  • Project records, laboratory notebooks
  • Design, system architecture and source code (software development)
  • Records of trial runs
  • Project progress reports
  • Minutes of project meetings
  • Test protocols, data, results, analysis and conclusions
  • Final project report or professional publications
  • Photographs, videos
  • Prototypes, samples
  • Scrap, scrap records
  • Contracts, lease agreements
  • Records of resources allocated to the project, time sheets, activity records, payroll records
  • Purchase invoices and proof of payment
  • Accounting records

A project does not have to succeed to qualify for the SR&ED tax credit. To help you determine if your R&D work meets SR&ED requirements, please try our Online Eligibility Self-Assessment Tool.

Get Requiti Capital working for you

    Our team is ready to show how we can help your business get the tax credits it deserves.