SR&ED Consultant

Your Scientific Research and Experimental Development Tax Credit Claims Destination

Maximize your SR&ED refunds with the help of our SR&ED consultants.

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Filed & Received Of SR&ED Money For Clients

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5-Star Testimonials From a Diverse Portfolio

SR&ED Files Submitted & Approved by CRA

North America’s Trusted SR&ED Consulting Firm

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Coincide is a boutique business consulting firm specializing in supporting small-to-medium-sized Canadian, US, and other foreign businesses to capitalize on scientific research and experimental development tax benefits.

By offering our customized and comprehensive “SR&ED-Directed Tax Plans,” our SR&ED experts are able to meet the unique needs of companies while optimizing the financial benefits of SR&ED claims.

We offer comprehensive tax planning solutions and seamless integration to SMBs diversifying to Canada, as well as those looking to expand into global markets. As a top SR&ED consulting firm, Coincide works towards optimizing business performance as a strategic partner, sharing our world-class expertise as well as risks and rewards alongside our clients.

We have a positive track record of supporting clients with successful SR&ED solutions. From basic eligibility questions to complex optimization inquiries, here’s how our experts can help:

  • Identification and validation of eligible projects
  • Complete support for audit defence
  • Preparation of technical and financial reports
  • Tax credit training and support year-round
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Testimonials

See What Our Trusted Clients Have to Say About Our Work and Services

A very professional and experienced team who have helped us navigate through the entire SR&ED process. They led all the upstream work required for our submission (technical report write up, financial form completion, periodic follow ups during the year) and also assisted with CRA’s follow up meetings and audits. With the help of Coincide, our SR&ED claims have, so far, been accepted as filed.

Coincide has been our trusted SRED partner for years. The team has always been there to support us with our submissions. For a group of researchers, having someone like Coincide to rely on is key – they worry about the SRED claim which allows us to focus on drug development.

I hired Coincide as our consultants 4 years ago and they don’t cease to impress me with their dedication and commitment to our company. They have made the R&D tax credit process extremely straightforward and efficient. They have been instrumental in our growth.

Hiring Coincide was one of the best decisions for our company. They take care of us, and we are very pleased with their service. Our claims are always well prepared, accurate, and on-time. They take the time to review the strategy with every claim. Coincide have also been very helpful in dealing with our auditors and tax authorities – allowing us to focus on our business.

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Services and Solutions

Reliable Tax & Business Consultation Solutions

Identification of eligible projects

Validation of eligible projects, activites and costs

Preparation of technical reports 

Preparation of financial/tax entries

Complete support in case of audits

Implementation of R&D tax credit best practices

Training and support of your team year-round 

Assistance with other tax credits and grants

Why Choose Us

We “Coincide” Our Business Values With Yours.

We offer turnkey solutions and put forth our commitment to the paradigm of people, partnerships, and performance – led by our diverse industry-leading subject matter experts. Efficiently achieving your financial milestones is our mission, which is why we ensure the best-matched skills and experiences are put in place.

We’re inspired by a vision of businesses achieving sustainable growth and enriching the lives of their employees, customers, and communities, with our long-term support.

To meet our client’s needs, we are:

Collaborative

Working as a team, Coincide adapts rapidly and creatively to the needs of all our clients. Our SR&ED consultants strive to be transparent in process and practice to ensure ethical behaviour drives commercial needs.

Strategic

Coincide cultivates a 360degree perspective of ideas and concepts in support of our vision, and embraces the technical and cultural diversity of all our clients.

Intelligent

We at Coincide are goal-oriented in our approach to problem-solving.

What You Need to Know About the SR&ED Program

The Scientific Research and Experimental Development (SR&ED) program is a multi-billion-dollar government incentive program introduced in the 1980s to encourage innovation and leadership by subsidizing eligible R&D expenditures.

It is among the best sources of funding for firms undertaking technology development in the world. Canadian taxpayers can recover up to 85% of their expenditures through Federal and Provincial R&D tax programs.

Reimbursable expenditures encompass a wide range of essential costs including wages, materials, machinery and equipment modifications for SR&ED, subcontractor payments, and overhead expenses.

Coincide provides you with seamless integration and tax planning solutions for your company wherever your business takes you. When you need support with SR&ED claim preparation and submissions, you can rely on our successful SR&ED consultants.

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DO YOU QUALIFY? TALK TO AN EXPERT

In a nutshell, any corporation in Canada that undertakes a project similar to the following would be eligible for SR&ED Tax Credits:

  • Attempts to technologically advance a material, product, or process
  • Faces technological uncertainties and
  • Using a scientific approach would be eligible for SR&ED Tax Credits
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FREQUENTLY ASKED QUESTIONS

Are SR&ED credits only available to companies in science and technology-related fields, such as medical research or mechanical engineering?

No. SR&ED claims are “activity” specific, not “industry” specific. This means that a Canadian company in any industry is entitled to funding provided they have completed an eligible SR&ED activity.

What are SR&ED eligibility activities?

Eligible SR&ED activities are those performed by any Canadian business that contributes to the advancement of scientific knowledge or technology by creating new or improving upon existing products, processes, materials, or devices.

Does a Research and Development (R&D) project need to be successful to qualify for SR&ED funding?

No. The relative success of an R&D project does not impact the eligibility of a claim. The purpose of the SR&ED Tax Incentive Program is to encourage and advance R&D in Canada, which is largely achieved through improving upon existing products, processes and methodologies. Successful resolution is not a prerequisite for eligibility. If you’re unsure if you qualify for SR&ED funding, contact us, and we’ll determine the best solution for your business.

Can my company apply for SR&ED funding if my application has been denied in the previous year(s)?

Yes. Previous applications do not affect the eligibility of your current claim. Your claim is valid, provided you can prove that your company has performed eligible R&D activities within the corresponding year. You can file a claim for every year your company has been involved in eligible SR&ED activities.

Does the Canada Revenue Agency (CRA) favour larger corporations for the SR&ED tax credit program?

No, in fact, SR&ED is more favourable for small-to-medium-sized Canadian-Controlled Private Corporations (CCPCs). For example, small companies receive a 35% federal tax credit compared to the 15% rate offered to larger corporations.

Are SR&ED Tax Credits part of a government grant program?

No. The SR&ED program is a tax credit program that offers partial financial compensation for eligible expenses already incurred by your company for scientific R&D as opposed to grants, which are paid out in advance.

Will my company be audited as a result of submitting an SR&ED claim?

No. The CRA will only conduct a review of expenditures specifically related to the SR&ED application. That is, CRA reviewers will only evaluate the financial information necessary to verify the eligibility of your claim. SR&ED reviews are limited in nature and should not trigger a general audit from CRA auditors.

Will my company have to disclose ‘proprietary’ information?

For the most part, your company should be able to provide technical summaries without disclosing essential proprietary information. That being said, CRA reviewers are also required to follow strict confidentiality protocols in place to protect all sensitive information.

So, what’s the catch?

There is no catch! Remember, the purpose of the SR&ED Tax Incentive Program is to encourage and advance R&D development in Canada. If your company is involved in eligible SR&ED activities and has incurred costs while doing it, then you’re entitled to SR&ED tax credits.

Are U.S. companies eligible for SR&ED tax credits?

Yes, provided they are willing to set up a company in Canada.

Are U.S. companies entitled to receive the enhanced credit offered to CCPCs?

Yes. We provide full-service organization, accounting, and tax-planning services to US firms, ensuring that these companies will receive the same enhanced benefits as any other CCPC.

Does a U.S. company have to move its entire operation, including personnel, to Canada to claim this benefit?

No. In fact, if the move is properly planned, then the US company may only move minimum (critical) resources to Canada. From a legal standpoint, it is possible to keep all personnel in Canada, while claiming the maximum benefits from this program.

Are international companies outside of the US also eligible to claim SR&ED credits?

Yes! Provided all of the appropriate steps are taken, the process would be very similar to that of a US company.