Recover Your R&D Investment Through SR&ED
The SR&ED program is one of Canada's most valuable tax incentives, offering investment tax credits for eligible research and development activities. We help you identify, document, and claim what you've earned.
At a Glance
Who It’s For
- Technology companies developing new software, hardware, or processes
- Manufacturers improving production methods or materials
Includes 7 service areas
We combine accounting expertise with a clear understanding of CRA's SR&ED eligibility requirements
Thorough documentation that stands up to CRA review
Who Is This For?
This service is designed for clients in the following situations.
- Technology companies developing new software, hardware, or processes
- Manufacturers improving production methods or materials
- Engineering firms solving technical challenges with no obvious solution
- Any Canadian business conducting systematic investigation or experimentation
What’s Included
A clear overview of what you receive when you work with us.
- Assessment of your projects for SR&ED eligibility under CRA criteria
- Identification of eligible expenditures including salaries, materials, and subcontractor costs
- Preparation of technical narratives describing technological uncertainties and advancements
- Calculation of investment tax credits (ITCs) for both refundable and non-refundable claims
- Completion and filing of Form T661 (Scientific Research and Experimental Development Claim)
- Support during CRA reviews and technical audits of your claim
- Guidance on concurrent documentation practices to strengthen future claims
Our SR&ED Process
A structured approach from documentation through to credit receipt.
Documentation Support
We work with your technical team to capture the details of your R&D work while it is fresh. Proper concurrent documentation is the foundation of a strong SR&ED claim and significantly reduces risk during CRA review.
Claim Preparation
Our team prepares the technical narratives, identifies all eligible expenditures, and calculates your investment tax credits. We handle Form T661 preparation and ensure every element of the claim is accurate and well-supported.
Submission Guidance
We file your SR&ED claim with CRA and manage all submission requirements. Our review process ensures completeness before filing, reducing the likelihood of delays or requests for additional information.
CRA Review Support
If CRA selects your claim for review or audit, we stand with you through the process. We prepare your response, coordinate with the reviewer, and advocate for the full value of your eligible claim.
Not Sure If Your Work Qualifies?
Many Canadian businesses are conducting SR&ED-eligible work without realizing it. If your company has attempted to resolve a technological uncertainty through systematic investigation or experimentation, you may have a valid claim.
We offer a no-obligation initial assessment to review your projects and determine whether they meet CRA’s eligibility criteria. There is no cost to find out.
Why Choose Veleron Accounting
What sets our approach apart.
We combine accounting expertise with a clear understanding of CRA's SR&ED eligibility requirements
Thorough documentation that stands up to CRA review
We work with your technical team to capture the full scope of eligible work
Transparent process from initial assessment through to credit receipt
Common Questions
Find answers to common questions about our accounting services.
The Scientific Research and Experimental Development (SR&ED) program is a federal tax incentive that provides investment tax credits to Canadian businesses that conduct eligible R&D activities. This includes work to achieve technological advancement through systematic investigation or experimentation. Eligible expenditures can include salaries, materials, and certain subcontractor costs.
Your business may qualify if it conducted work to resolve a technological uncertainty that couldn't be solved using standard practice. This applies across industries, from software development to manufacturing process improvements. We offer a no-obligation initial assessment to review your projects and determine eligibility.
The value of an SR&ED claim depends on the type and amount of eligible expenditures. Canadian-controlled private corporations (CCPCs) may receive a refundable investment tax credit of up to 35% on the first $3 million of qualifying expenditures. The rate and refundability vary based on your corporation's taxable income and capital. We calculate the expected credit as part of our assessment.
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We offer a full range of accounting services for individuals and businesses across Canada.
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Book a consultation with our team to discuss how Veleron Accounting Inc. can support your financial goals.