Fairlead Consulting has the knowledge and experience to evaluate the potential of the SR&ED program for your business and implement a course of action. The program is an open-ended incentive, so there is no cap on the amount of support available to claimants.
Returns from the SR&ED program are a percentage of money spent on eligible R&D projects. Individual provinces may also have incentives attached to the Federal incentives.
Combining Federal and Provincial credits companies in British Columbia can recover:
Between 46% and 68% of internal wages and salaries spent on qualifying R&D
Between 28% and 41.5% of materials, capital and some other items used for R&D
In many cases these returns are cash rebates to the company.
As with most government programs, it can be difficult to understand the program's requirements, find eligible projects, and translate the work you've performed into the required format. Many companies are not able to allocate the internal resources to undertake such a process with uncertain returns.
At Fairlead Consulting, we understand the approval criteria. We identify the best strategy and provide resources to ensure that your application is complete and submitted on time. We work primarily on a contingency basis so that there is no financial outlay unless the application is successful.
Fairlead Consulting will work with your technical, financial, and management staff to ensure that you are making the most of the SR&ED program. Please contact us to discuss how the SR&ED Program can work for your company.