SR&ED Tax Credits / Refunds

Is your company under pressure from competitors, foreign exchange or general market conditions? Many companies respond by improving their products, product features or by changing their manufacturing processes. Financing this technology change isn’t cheap, but there are funding programs to offset these major costs. What costs are covered?

• Staff labour (T4 costs, hourly and salary employees including owners)
• Contractor costs,
• Materials costs,
• Equipment costs, and
• Overhead costs

Funding contributions aren’t small either. An average refund is $50,000, covering anywhere from 20% - 41% of total project costs. Pioneer’s experience has resulted in claims that can reach into the hundreds of thousands of dollars. You can claim as many projects as you like provided the work performed meets minimum technical criteria – that is – working toward a technical advancement.

Not sure if you qualify?

Ask us...we will tell you if it does or doesn’t – after all, not everything qualifies and we’ll tell you in our judgement what you can and cannot do.

If we believe your work is refundable you can decide to work with us. Our goal is providing maximum project funding. We represent work that meets the technical criteria and if we believe it does not meet those objectives - it is our obligation to tell you. So what work qualifies?

There are many rules to apply. To begin with, we’ll ask you a number of questions in our meeting. The more we understand about your history, the better position we are in to form an opinion and advise you.

Think About:

• Have you improved any of your products or manufacturing processes?
• Have you made any modifications within your product or production environment?
• Have you worked on any projects that didn’t go as planned?
• Have you worked on any projects that were outside the company’s normal scope of business?
• Have any projects had any cost overruns or that didn’t proceed as planned?

For a free assessment and consultation, contact Pioneer Development at 705-727-9067 or info@askapioneer.com.