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Does your company participate in research and development? Do you develop and/or improve products or manufacturing processes? If so, you may qualify for federal or provincial tax credits or refunds.
| Are you eligible for a tax credit? | Tax incentives are offered to Canadian companies that develop or improve:
- New products
- Software or new types of databases
- Prototypes
- Custom machinery
- Access to the Internet
- Manufacturing processes
- New controls or automated tracking methods.
You may qualify if you are doing basic or applied research, or experimental development in any field of the natural sciences. This includes computer science, computer software, technology, operations research, mathematics, chemistry, physics, instrumentation systems, advanced manufacturing, etc.
The Canada Revenue Agency (CRA) offers federal refundable tax credits of 35% of qualifying expenses (including salaries, wages, consulting fees and materials).
Most provinces also have their own SR&ED tax credits, which could increase the total refundable amount.
| How can BDC help you obtain your tax incentives? | BDC Consulting can identify what projects are eligible, prepare your technical report and work in conjunction with your company's accountants for financial information. Our national network of management consultants have a high success rate with the SR&ED program applications and sound knowledge in industrial sectors such as information systems, control systems, electronics, computers, automation, and advanced manufacturing. We will:
Identify qualifying projects
Save time and money as BDC identifies which projects and expenditures are eligible for tax incentives. This may include:
- Claiming current or past (unclaimed) qualified R&D expenditures
- Better planning of your technology budget, which increases your return on investment in R&D.
Realistic sales targets
Prepare your SR&ED submission
BDC's qualified consultants may increase the likelihood that your claim will be approved. You focus on business while we:
- Interview your technical staff
- Improve or create your SR&ED reporting system
- Prepare the technical report required for submission to CRA
- Help prepare the job costing and taxation package required for submission to CRA
- Manage and track all CRA correspondence through the system
| Why choose BDC? |
| Experience |
Over 60 years working with SMEs to help grow their business |
| Networking |
Our network of professional consultants are skilled at striking a balance between quality, price, efficiency and results |
| Focus |
Promoting business self-sufficiency and success at an affordable cost |
| Money and more |
We combine financing and consulting that are adapted to help your business grow |
Long-term financing from BDC can help you meet your goals, whether you want to develop a new product, improve a design or optimize your production processes. BDC Financing solutions are based on your specific needs with a project-based financing approach that covers consulting fees, employee training, documentation, and implementation.
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