Scientific Research and Experimental Development (SR&ED) Tax Incentives
How we can help?
Empower Your Future
At Sun Tax Accounting Inc., we help Canadian businesses unlock valuable financial incentives that fuel innovation, accelerate growth, and drive long-term success.
Our team of experienced Tax and Technical Specialists simplifies the complexities of government tax credit and incentive programs, ensuring you maximize every available opportunity while remaining fully compliant.
For more than 8 years, we have been providing trusted guidance and end-to-end support, giving businesses the confidence to claim the benefits they deserve without unnecessary risk.
Why Choose Sun Tax Accounting?
- 100+ businesses supported
- 8+ years of industry experience
- Dedicated Tax & Technical experts
- Proven compliance-first approach
- Personalized client support
Your Strategic Partner in Innovation
We go beyond tax credit claims. We help businesses build sustainable processes and strategies that maximize innovation incentives year after year.
Our Value-Added Approach
- Plan for Future SR&ED Opportunities – Our specialists develop practical strategies that help streamline operations and position your business for future innovation funding.
- Capture the Right Data – We help establish efficient documentation processes that reduce administrative burden and support stronger future claims.
- Share Practical Expertise – Our team provides hands-on guidance and industry knowledge to help your organization successfully navigate complex incentive programs.
- Support Long-Term Growth – By maximizing available tax credits and incentives, we help businesses reinvest in research, development, and future innovation.
One Dedicated Point of Contact
We believe exceptional service starts with clear and consistent communication. When partnering with Sun Tax Accounting Inc., you will receive:
- A dedicated consultant assigned to your account
- Direct access to your representative whenever needed
- Guaranteed responses within 24 hours
- Customized support tailored to your business requirements
- On-site visits and virtual consultations as required
How Our Tax Credit Process Works
Simplifying, maximizing and securing your tax credit claims.
- Contract & Engagement – We assign a dedicated consultant to your project and establish a clear path forward.
- Project Kick-Off – Your consultant meets with your team, either on-site or virtually, to gather key information and understand your operations.
- Technical Review – Our specialists conduct a detailed assessment to:
- Evaluate project eligibility
- Review qualifying expenditures
- Analyze previous claims
- Maintain ongoing communication throughout the process
- Claim Preparation – We prepare a complete and compliant claim package by:
- Developing technical documentation and reports
- Analyzing financial records and eligible expenses
- Coordinating with your accountant for submission to government authorities
- Audit Assistance – Should an audit occur, our team provides comprehensive support and expert guidance throughout both tax and scientific reviews.
- Ongoing Follow-Up – We remain engaged after submission to:
- Monitor claim progress through to final payment
- Provide updates and support throughout the review process
- Deliver quarterly guidance to help prepare future claims
Partner with Sun Tax Accounting Inc.
Your trusted partner in SR&ED and innovation funding success.
Accelerate Innovation. Maximize Returns. Stay Compliant.
Please contact us to get started. (647) 831-7979
SR&ED Frequently Asked Questions
What is the SR&ED program?
Scientific Research and Experimental Development (SR&ED) is Canada’s largest federal program supporting business research and development. It provides investment tax credits on eligible salaries, materials, contractor costs and certain capital expenditures for work that seeks to advance scientific or technological knowledge.
Who can claim SR&ED tax incentives?
Canadian-controlled private corporations (CCPCs) can earn the enhanced 35% refundable investment tax credit, while other corporations, partnerships and individuals earn the basic 15% credit. Eligible Canadian public corporations can also access refundable credits for tax years beginning on or after 16 December 2024.
How much can my business claim?
The enhanced 35% rate applies to qualified SR&ED expenditures up to an annual expenditure limit of $6 million (increased from $3 million), which can deliver up to $2.1 million in refundable credits. The limit is reduced once taxable capital exceeds $15 million and is eliminated at $75 million. Provincial credits, such as Ontario’s OITC and ORDTC, may apply on top of the federal credit.
What is the deadline to file an SR&ED claim?
The SR&ED reporting deadline is 12 months after your corporate tax return filing due date – generally 18 months after your fiscal year end. The deadline is strict, so it is best to start the process early.