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SR&ED Tax Incentives
For over three decades, Belmonte Léger SEP has specialized in obtaining numerous government funding, tax credits, incentive programs and grants for its clients operating in various industries. Particularly, Belmonte Léger SEP is accredited by Emploi Québec for the certification in the SR&ED Tax Credit Training Program.
The Scientific Research and Experimental Development (SR&ED) program is a billion-dollar incentive program. Both the federal and provincial governments encourage Canadian companies of all sizes and in all industry sectors to conduct SR&ED. This allows businesses to take risks and invest in innovation and leadership by subsidizing eligible SR&ED expenditures. The program is among the best sources of funding to companies undertaking technological improvement and development. In Canada, all activities in the field of science or technology that implement a systematic approach on experimental analysis to:
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achieve or attempt to achieve technological advancement
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overcome scientific and/or technological uncertainty
are potentially eligible for a deduction to reduce current or future income tax liability and an investment tax credit for eligible SR&ED expenditures. Thus, it is important to consult an SR&ED tax expert to ensure that this investment tax credit opportunity is not overlooked and that qualified expenditures are accurately verified.
What we offer?
Belmonte Léger SEP is a certified claim preparer that offers
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First-time claimant advisory services
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Pre-claim consultation services
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Pre-claim review services
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Tax planning and compliance for complete SR&ED claim submissions
Who can claim?
The SR&ED incentive program is available to most taxpayers in Canada, including
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Individuals and trusts
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Public corporations and Private corporations
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Qualified Canadian-controlled private corporations (CCPC)
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Foreign corporations
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General partners of a partnership
Canadian-controlled private corporations (CCPCs)
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Refundable investment tax credit at 35%
Other corporations, individuals, partners, and trusts
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Non-refundable investment tax credit at 15%.