Associated R & D Tax Services

Are you looking to get back some of your investment in research activities?

Scientific research and experimental development (SR & ED) tax credits are a way to put money back into your company's coffers. Most companies have to do research... here is a way to take advantage of a government tax incentive.

Great News For Saskatchewan Businesses

The March 18th, 2009 Saskatchewan Provincial budget contained legislation that will allow the 15 % Provincial Investment Tax credit on eligible Scientific Research and Experimental Development expenditures to be refundable. The refundability will apply to all Provincial Investment Tax credits earned after March 18, 2009. Sask. ITC credits earned before March 19, 2009 will still be available to reduce any Sask Income Tax owing, but all credits earned after March 18, 2009 will be refundable. For future years, any Sask. ITC earned before March 19, 2009 but not used up will still be available to reduce and Sask Income Tax payable.

This legislation change will be a particular benefit to start-ups and early stage companies that may not be in a taxable position, other companies that are in a loss position, and foreign controlled corporations. If you have any concerns or questions regarding this legislation change, please give us a call.

Welcome

The Associated R & D Tax Services team focuses on assisting clients to obtain the full benefits of the SR & ED program. In today's fast pace of business and competition, you may be overlooking this source of cash because you lack the time, resources, or expertise needed to successfully identify, prepare, and file a SR & ED tax claim. Many companies simply do not make a claim for SR & ED tax credits because they do not understand the program, don't know what a qualified activity is, and are not familiar with eligible expenditures. However, maximizing your SR & ED tax credits should be an objective of every business, and this is where we come in.

Does My Business Qualify?

If you are a Canadian corporation or small business that develops new or improved products, processes, or materials; builds prototypes or creates custom machinery in Canada, you may be eligible to receive SR & ED tax credits. To be eligible, a company must show that it made, or attempted to make, a technological advancement, and that it faced technological uncertainty. The technical advancement does not need to be ground breaking. Incremental improvements in a company's products or processes are eligible. The advancement is viewed in light of the company's base knowledge, which is expected to include knowledge generally available to the public, but not proprietary knowledge of competitors. Technological uncertainty is evident when a company is facing a problem it does not know how to solve at the outset of the project. The criteria is met whether it is uncertain if the problem can be solved at all, within certain tolerances, or within cost limitations.

About Associated R & D Tax Services

Associated R & D Tax Services in an independent association that focuses exclusively on providing SR & ED tax credit expertise to small and mid-sized business owners. Since the majority of public accountants do not have this specific expertise, we will work with your accountants to ensure there is no deviation from any existing tax planning.

Associated R & D Tax Services does one thing and one thing only – we help small and mid-sized businesses take advantage of a complicated tax credit that they are entitled to.