What Qualifies for SR&ED

Some Questions to ask yourself:

• Have you changed a process to reduce costs or to improve your manufacturing?
• Have you created a new product, made improvements or added new features to an existing product, or built a prototype?
• Have you designed or developed new software?
• Have you incurred costs related to a process, project or prototype that is incomplete because of unresolved technical problems?
• Are you involved in engineering, design, data collection, testing or other developmental work?

Many companies do not believe that they engage in any qualifying SR&ED activities, but in most cases that NorthBridge has assessed, they have been able to identify unrealized eligible projects and subsequently deliver successful claims.

The Three Criteria of SR&ED: Technical Content, Technical Uncertainty and Technical Advancement

Technical Uncertainty: The existence of an uncertainty implies that there is no textbook solution (i.e. known methods or procedures) to solve a problem in an existing field of science. The work that is claimable must go above and beyond the existing knowledge base (i.e. baseline).

Technical Content: The scientific process must be evident in the work claimed. It must involve a systematic investigation, experimentation, or analysis by qualified personnel.

Technical Advancement: The final progress made needs to have resolved the uncertainty and advance the previous understanding of the technology.

Contact us for a free consultation and we will help you determine what's eligible.