Support throughout the preparation of your tax return and tax audit
- Carry out projects without depleting your company’s working capital
- Facilitate your company’s growth through the development of new products or procedures
- Reduce the net cost of SR&ED projects
Five eligibility criteria
Since December 19, 2012, the policy governing eligibility for SR&ED investment tax credits has hinged on the following five criteria:
- Was there a scientific or a technological uncertainty – an uncertainty that could not be removed by standard practice?
- Did the effort involve formulating hypotheses specifically aimed at reducing or eliminating that uncertainty?
- Was the adopted procedure consistent with the total discipline of the scientific method, including formulating, testing and modifying the hypotheses?
- Did the process result in a scientific or a technological advancement?
- Was a record of the hypotheses tested and the results kept as the work progressed?
What are SR&ED tax credits?
Established to encourage innovation among Québec entrepreneurs, the SR&ED Tax Incentive Program covers anything related to the manufacture of prototypes, design, the development or improvement of processes, materials, devices or products, or the performance of tests or experiments.