SR&ED Tax Credit Support

Get Up to $0.35 For Every $1.00 Spent

Maximize your scientific research and experimental development credit while minimizing your tax burden by applying for the SR&ED tax credit with Coincide.

Book a consultation to get started.

Book a Consultation

Helping Canadian Businesses Get the Most From the SR&ED Tax Credit Program

The SR&ED program offers substantial tax incentives, ranging from 15% to 35% of eligible expenses, for businesses engaged in pioneering research and development.

At Coincide, we help Canadian-controlled private corporations, individuals, trusts, and partnerships recover substantial portions of their eligible expenditures, fostering innovation and driving long-term business growth. We believe these tax credits encourage companies to push boundaries, conduct research, experiment, and contribute to the advancement and innovation in their industries.

Book a Consultation

Testimonials

Trusted By Hundreds of Businesses to Unlock Funding for Innovative Projects

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.

Book A Consultation

SERVICES

Our SR&ED Services

Coincide can seamlessly guide you through the SR&ED process, from claim submission to financing, ensuring a
smoother and more rewarding experience for your business.

Learn More

Claim Submission

Streamline your SR&ED claim submission with Coincide’s seasoned experts, enhancing your experience by ensuring precision and optimizing potential credits. Our claim submission service includes support with:

  • Identifying and validating eligible projects
  • Preparing technical and financial reports
  • Completing support for audit defence
  • Providing tax credit training and support year-round
Learn More

Financing Assistance

After submitting your claim, Coincide goes the extra mile to assist you in securing financing before approval. Our financial assistance services cover:

  • Assisting your financial institution in understanding and believing in your project
  • Validating the accuracy of your SR&ED project, increasing its chances of securing funding
  • Facilitating access to bridge loans for prompt availability of funds

OUR PROCESS

Steps to Getting Your SR&ED Tax Credit With Coincide

01. Book a Consultation

Book a consultation with one of our experts to discuss your SR&ED project in detail. This step allows us to assess the SREDable components of your project. We will move forward with the claim if we determine the project is eligible.

02. Create a Master Service Agreement

You develop a Master Service Agreement to formalize our partnership and establish the framework for our collaboration. This essential document outlines the scope of services and ensures a clear understanding of our role in maximizing your SR&ED benefits.

03. Put The Claim Together

We will meticulously review your HR records, project timelines, payroll records, purchase invoices, and every other element of the project. With this information, we assemble a comprehensive claim that ensures a smoother submission process.

04. Submit Forms

We will compile and provide your accountant with the necessary documentation for tax submission, including the T661 form required at a federal and provincial level. When submitting taxes, your accountant will use these forms in corporate filing.

05. Get Financing Support

If you are looking to use your SR&ED tax credit right away, we can work with your financial institution to provide you with a bridge loan that can be used prior to receiving your SR&ED credit from the government.

06. Receive Your SR&ED Tax Credit

Once your claim is approved by the Canada Revenue Agency (CRA), you can anticipate receiving your well-deserved SR&ED tax credit cheque within 60 business days.

Book a Consultation

WHY CHOOSE US

We “Coincide” Our Business Values With Yours.

Coincide is a boutique consulting firm dedicated to assisting small and medium-sized businesses in optimizing their access to tax benefits related to scientific research and experimental development.

15+ Years of Helping Companies Like Yours

With over 15 years of dedicated SR&ED consulting services, Coincide has been a trusted partner for Canadian businesses across various industries, from pharmaceuticals to software development, facilitating their successful acquisition of SR&ED tax credits.

Help You Maximize Your Claim

Leveraging our extensive experience analyzing SR&ED projects, we know what would be a qualifiable expense, helping you extract the maximum benefits from the SR&ED tax credit. Our expertise ensures that your claim is meticulously examined and every eligible aspect is considered to optimize the financial advantages available to your business.

We Have a Network of Reliable Contacts

If there are any hesitations or uncertainties regarding your claim approval, we can utilize our trusted contacts to seek answers and proactively address concerns before submitting the claim. This approach significantly enhances the likelihood of a successful approval of your claim.

SR&ED ACROSS CANADA

The Difference Between the SR&ED Tax Credit in Canadian Provinces

The SR&ED tax credit varies by province, reflecting regional commitments to innovation. Explore our interactive map below to see how each Canadian province uniquely supports research and development efforts.

CASE STUDIES

How We’ve Helped Companies Push Boundaries & Innovate

CASE STUDY

The healine for the case study goes here.

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.

Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum. Minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

DO YOU QUALIFY? Start Your SR&ED Tax Credit Journey Today

Book a consultation today and get the most out of the scientific research and experimental development tax credit.

Full Name(Required)
This field is for validation purposes and should be left unchanged.

FREQUENTLY ASKED QUESTIONS

What happens if my business doesn’t get approved?

If you do not get approved immediately, it may be due to insufficient details in technical reports or a lack of innovation demonstration. When you get audited, a financial auditor and technical advisor will analyze every detail of your claim to ensure the information you provided was accurate and that your project is eligible for SR&ED credits.

Throughout the audit, the CRA may seek various information from you. Instead of you simply providing data, we will go through the process with you to maximize your chances of approval. 

Additionally, it is important to note that the CRA will only conduct a review of expenditures specifically related to the SR&ED application and not your entire company.

Is SR&ED a non-refundable tax credit?

Yes, SR&ED is a non-refundable tax credit that can be applied to reduce income tax payable.

What forms does my accountant need to submit the claim?

After we’ve compiled your SR&ED documentation and forms, your accountant will need to provide the CRA with the following documentation: 

  • T661 form, SR&ED Expenditures Claim
  • T2SCH31 form or T2038 (IND) form to claim a refundable investment tax credit (ITC)
  • T1145, T1146, T1174, T1263, and any other necessary documentation

We will ensure you are set up for success and have the proper documentation and forms to submit your claim.

What is the reporting deadline for SR&ED credits?

The reporting deadline to receive SR&ED tax credits is 18 months after the end of your tax year in which the expenditures were incurred. You will typically claim SR&ED when you do your income tax return.