Research and Development Tax Credit

Receive your R&D tax credit thanks to Propulsio 360.

Whether you’re new to the R&D tax credit program or a repeat applicant, our goal is to enhance your experience and maximize your benefits with our financial experts. Our mission is to provide funding that suits the needs of Canada’s innovative companies: simple, predictable, non-dilutive capital, delivered on an on-going basis.

The Scientific Research and Experimental Development (SR&ED) Program uses tax incentives to encourage Canadian businesses of all sizes and sectors to conduct research and development (R&D) in Canada. These tax incentives come in three forms: an income tax deduction, an investment tax credit (ITC), and, in certain circumstances, a refund. The SR&ED tax credit and provincial tax credits for R&D are a distinct benefit in addition to corporate tax provisions allowing for the full deduction of current R&D expenditures from business income.

The SR&ED Program provides more than $3 billion in tax incentives to over 20,000 claimants annually, making it the single largest federal program that supports business R&D in Canada. The program is administered by the Canada Revenue Agency (CRA).

Corporations, individuals, trusts and members of a partnership can use these Government of Canada incentives.

  • High success rate: We proudly have a 99.9% success rate in securing R&D tax credit refunds for our clients. 
  • Competitive pricing: Unlike other firms in the industry, Propulsio 360 does not take a percentage of your tax credit.
  • Experts at your service: Our financial experts have helped over 150+ companies secure an R&D tax credit.

Our R&D experts will discuss with you your company’s R&D projects and refund eligibility. We would be pleased to provide you with a free initial R&D Consultation of these project(s) and give you an SR&ED refund estimate based on your expenditures. Book a consultation and let’s claim success!

The SR&ED tax incentive program provides tax incentives for the direct in-house costs of performing eligible R&D work in Canada. Eligible work includes experimental development, applied research, basic research, and certain types of work in support. This supporting work includes engineering, design, operations research, mathematical analysis, computer programming, data collection, testing, and psychological research.

(https://www.international.gc.ca/investors-investisseurs/assets/pdfs/download/factsheet-rd.pdf)

When is your deadline to apply? 

18 months after the end of each fiscal period.

When will your SR&ED cheques arrive?

We will file your T2 corporate income tax return containing the information you and Propulsio 360 will prepare. Your SR&ED cheques will arrive a few months later if the CRA has no questions. Or 6 months if the CRA decides to audit your SR&ED claim, in which case we will assist you through the entire process

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