It’s true. You may be missing out. If you’re a manufacturer and your business has survived these rough times, you may be missing out on $1,000s if you haven’t investigated submitting an SR&ED Tax Credit claim. You may say “Never heard of it” or “We do not do research.”
… But this is why Braithwaite can help and you will either end up getting a cash rebate from the government deposited into your bank account or your bank account will still have the same amount in it. In other words, it won’t cost you anything for us to help you.
Having one of the longest histories in helping companies submit SR&ED claims (over 30 years), Braithwaite leverages its wealth of experience to help obtain what you are entitled to with minimal time and effort on your part. Our in-house technical experts are developers, engineers, and Ph.D.’s with the manufacturing knowledge to maximize your claim.
If within 18 months of your last fiscal year, your company has experimented to develop new manufacturing processes or knowledge, you could be submitting an SR&ED claim to get back up to 66% of the costs of the experiments … REGARDLESS of whether you succeeded in developing the new process or knowledge.
If your fiscal year-end is May 31st, then there is still time to submit a claim for work done as far back as between June 1, 2019, and May 31, 2020.
Unlike a government grant that has a limited amount of funds per quarter/year, the SR&ED Tax Credit is an endless pool each and every year. CRA awards over $3 Billion each year in SR&ED funding that can be utilized on whatever your company sees fit. If you experimented to develop a new manufacturing process or knowledge (i.e., if the work is eligible), you cannot be turned down. You are entitled to the SR&ED Tax Credit.
How Can Braithwaite Canada Assist?
Braithwaite Canada takes a 7-step approach to maximize every R&D Tax Credit Claim filed to CRA (Detailed description of the 7-step approach) without any cost to the company.
For further information on how Braithwaite Canada can assist your company in successfully preparing an SR&ED Tax Credit claim to CRA, please contact us today.
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