The Scientific Research and Experimental Development (SR&ED) Tax Incentive Program is one of Canada’s most lucrative tax credit programs, designed to encourage businesses to invest in research and development (R&D). At Lepore & Company, we help businesses identify eligible projects, prepare detailed claims, and maximize their tax refunds or credits, ensuring they receive the full benefits of the program.
If your business is engaged in developing new products, improving processes, or solving technological challenges, you could qualify for significant tax incentives under the SR&ED program.
Our SR&ED Services
1. Identifying Eligible SR&ED Activities
Many businesses miss out on SR&ED credits simply because they are unaware of their eligibility. We help you determine:
- Which projects qualify under the SR&ED program.
- Eligible costs, including salaries, materials, overhead, and subcontracting.
- How to document R&D activities to meet CRA requirements.
Our expert team ensures no potential claim is overlooked.
2. Claim Preparation & Documentation
A well-prepared claim increases the likelihood of approval and maximized refunds. We assist with:
- 📌 Writing technical reports that clearly outline the R&D advancements and challenges.
- 📌 Calculating eligible expenditures, including wages, materials, and overhead.
- 📌 Ensuring proper record-keeping to support SR&ED claims.
We streamline the process, making it easy for you to claim every dollar you’re entitled to.
3. Tax Credit Calculation & Filing
SR&ED provides both refundable and non-refundable tax credits, depending on your business size and structure. We:
- Calculate the maximum tax credits and deductions available to you.
- Prepare and file the required forms (T661, Schedule 31, and others).
- Ensure compliance with CRA guidelines to avoid claim rejections.
Our meticulous approach ensures your SR&ED claim is optimized and fully compliant.
4. CRA Audit Support & Claim Defense
The CRA may review your SR&ED claim to verify eligibility. We provide:
- 📌 Pre-filing reviews to minimize audit risks.
- 📌 Representation and support in case of CRA audits or reviews.
- 📌 Strategic guidance to address CRA queries and defend your claim.
With our expertise, your claim stands up to scrutiny, maximizing your refund with minimal hassle.
5. Strategic SR&ED Planning for Future Claims
To consistently benefit from the SR&ED program, businesses must integrate R&D tax planning into their operations. We help with:
- Implementing best practices for tracking and documenting R&D activities.
- Structuring projects to align with SR&ED requirements.
- Maximizing future tax credits through proactive planning.
With the right strategy, your business can continuously benefit from SR&ED incentives.
Why Choose Lepore & Company for SR&ED Claims?
- ✅ Maximized SR&ED Tax Credits – Ensuring you claim every eligible dollar.
- ✅ Expert Claim Preparation – Crafting strong, well-documented applications.
- ✅ CRA Audit Support & Defense – Protecting your claims with expert guidance.
- ✅ Industry-Specific Expertise – Helping businesses in various sectors qualify.
- ✅ Future SR&ED Planning – Ensuring continuous eligibility and tax optimization.
Unlock Your SR&ED Tax Benefits Today!
At Lepore & Company, we specialize in helping businesses maximize SR&ED tax incentives, ensuring they receive the financial support needed to drive innovation and growth.
Contact us today to start your SR&ED claim and optimize your tax savings!