SR&ED Tax Credit Claims in Ontario

Q: What records do I need to support an SR&ED claim?

You need to maintain detailed project documentation, including project objectives, technical challenges, experiments conducted, employee time tracking, and financial records of eligible expenses. Proper documentation is crucial for CRA compliance and audit defense.

Q: Can previous years’ R&D work be claimed?

Yes. The SR&ED program allows amended claims for prior years if eligible R&D expenditures were missed. Gondaliya CPA can review past projects to recover potential credits you may have overlooked.

Maximize your innovation funding with CPA-led SR&ED claim preparation and audit-ready documentation.

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AFFORDABLE SR&ED Tax Credit Services

If your business develops new products, processes, or software, you may qualify for the federal and Ontario SR&ED (Scientific Research & Experimental Development) tax credit program. Gondaliya CPA helps innovative companies identify eligible R&D activities, document expenses accurately, and prepare compliant claims, maximizing potential refunds.

With years of experience working with startups, tech companies, and manufacturing businesses, we guide clients through the complex SR&ED rules, from eligible labor and material costs to contractor expenses and overhead allocation. Our affordable, professional approach helps innovators focus on growth while benefiting from every tax credit available.

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Are You Eligible for SR&ED Tax Credits?

Research and development isn’t limited to laboratories. Many Ontario businesses qualify for SR&ED tax credits without realizing it, from tech startups to manufacturers and engineering firms. Gondaliya CPA helps identify eligible activities and ensures claims are fully compliant with CRA requirements.

Common Qualifying Activities

We work closely with innovators to connect your R&D efforts directly to SR&ED incentives, helping your business recover eligible costs, maximize credits, and reinvest in growth confidently.

What Is the SR&ED Tax Incentive Program?

SR&ED is a federal and provincial tax incentive program that provides refundable or non-refundable credits for qualifying research and development activities. Ontario businesses can recover a significant portion of eligible wages, materials, and overhead costs, helping to reduce the net expense of innovation.

To qualify under CRA rules, companies must demonstrate technological uncertainty, a scientific or technological advancement, and a systematic approach to experimentation or investigation. Gondaliya CPA helps document these elements accurately, ensuring that your SR&ED claim meets CRA requirements and maximizes potential tax credits.

Our SR&ED Tax Credit Services

Eligibility Assessment

Review your business activities to confirm SR&ED qualification.

Project & Cost Identification

Pinpoint qualifying projects, wages, and eligible expenses.

Schedule Preparation

Complete all CRA-required SR&ED forms, including T661.

Documentation Coordination

Organize financial and supporting records for smooth submission.

Technical Description Drafting

Create detailed project write-ups with your team’s input.

Filing & CRA Support

E-file returns and manage CRA correspondence or audits.

Case Studies

SR&ED Claim for Toronto Tech Startup

Problem: A Toronto-based tech startup invested heavily in R&D but was unsure which activities qualified for SR&ED.

Solution: Our team reviewed project documentation, prepared detailed technical narratives, and submitted the claim with all CRA-compliant supporting documents.

Results:

✅ Secured $150K in SR&ED tax credits
✅ Streamlined documentation process for future claims
✅ Ensured full CRA compliance

Manufacturing R&D Claim in Hamilton

Problem: A mid-sized manufacturing company in Hamilton needed assistance claiming R&D expenditures for experimental production methods.

Solution: We analyzed engineering and project reports, categorized eligible expenditures, and submitted the SR&ED claim accurately.

Results:

✅ Claimed $220K in refundable tax credits
✅ Reduced audit risk with proper documentation
✅ Saved internal team 15+ hours of preparation

Software Development Claim for Brampton Business

Problem: A software company in Brampton struggled with filing an SR&ED claim due to complex software development activities.

Solution: We mapped development processes, identified eligible projects, and filed a complete SR&ED claim with CRA-compliant technical details.

Results:

✅ Received $180K in SR&ED credits
✅ Created repeatable process for future R&D claims
✅ Improved financial forecasting for R&D budget

SIMPLE PROCESS

Your SR&ED Claim in 4 Simple Steps

Discovery & Consultation

Identify qualifying R&D activities.

Data Collection

Gather payroll, materials, and design records

CPA Review & Filing

Verify compliance and e-file your return.

CRA Support

We represent you through any review or audit.

Why Choose Gondaliya CPA?

Accurate and Compliant Filing

Ensure your SR&ED or T3 returns meet CRA requirements and avoid costly errors or penalties.

Affordable, High‑Value Service

Professional CPA-led support that maximizes credits and refunds while keeping costs reasonable.

Personalized Tax Strategies

Tailored guidance to align your R&D or trust activities with eligible tax incentives.

Year-Round Support and Advice

Continuous assistance for planning, documentation, and audit preparation whenever you need it.

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Pricing

We believe in clear, upfront pricing so you know exactly what to expect.

From $200 / claim

SR&ED Tax Credit Claims for Startups

Specialized startup tax & accounting

SR&ED Tax Credit Claims for Healthcare

Specialized healthcare tax & accounting

SR&ED Tax Credit Claims for Consultants

Specialized consulting tax & accounting

SR&ED Tax Credit Claims for Small Businesses

Specialized small business tax & accounting

SR&ED Tax Credit Claims for Restaurants

Specialized restaurant tax & accounting

SR&ED Tax Credit Claims for Franchises

Specialized franchise tax & accounting

SR&ED Tax Credit Claims for Self-Employed

Specialized self-employed tax & accounting

SR&ED Tax Credit Claims for Manufacturing

Specialized manufacturing tax & accounting

SR&ED Tax Credit Claims for Grocery Stores

Specialized grocery tax & accounting

SR&ED Tax Credit Claims for Import & Export

Specialized import/export tax & accounting

Frequently Asked SR&ED Questions

What is the SR&ED tax credit program?

The SR&ED (Scientific Research & Experimental Development) program is a federal and provincial initiative that provides refundable or non-refundable tax credits to Canadian businesses investing in qualifying R&D activities. Eligible costs include wages, materials, overhead, and some contractor expenses. The program helps companies offset the cost of innovation and reinvest in future growth.

Who qualifies for SR&ED credits?

Businesses of any size that conduct technological or scientific research can qualify, including startups, software companies, manufacturers, and engineering firms. To be eligible, the project must address technological uncertainty, aim for scientific or technological advancement, and use a systematic process of experimentation or investigation.

What types of activities are eligible?

Eligible activities can include product testing, software or technology development, process improvements, engineering experimentation, and prototyping. Even small adjustments or iterative designs can qualify if they involve systematic investigation to overcome uncertainty.

How much can I claim?

The amount varies depending on the size of the business and the nature of the R&D work. For Canadian-controlled private corporations (CCPCs), the federal SR&ED credit can cover up to 35% of eligible expenditures, with additional provincial credits available in Ontario.

What records do I need to support an SR&ED claim?

You need to maintain detailed project documentation, including project objectives, technical challenges, experiments conducted, employee time tracking, and financial records of eligible expenses. Proper documentation is crucial for CRA compliance and audit defense.

How does Gondaliya CPA help with SR&ED claims?

Our CPA-led team provides eligibility assessment, project identification, documentation review, T661 schedule preparation, electronic filing, and CRA support. We work with your engineers, developers, or product teams to draft technical project descriptions that meet CRA standards.

What is the CRA review process?

The CRA may audit or review SR&ED claims to ensure eligibility and accuracy. A CPA can represent your business, provide supporting documentation, and respond to CRA inquiries to minimize risk and maximize the claim.

Can previous years’ R&D work be claimed?

Yes. The SR&ED program allows amended claims for prior years if eligible R&D expenditures were missed. Gondaliya CPA can review past projects to recover potential credits you may have overlooked.

How long does the SR&ED claim process take?

The timeline depends on the complexity of the R&D activities and the amount of documentation available. Most claims take a few weeks to prepare accurately. Filing early ensures you receive credits faster and reduces risk of errors.

Why choose Gondaliya CPA for SR&ED claims?

We combine CPA expertise, local Ontario knowledge, and hands-on experience with innovative businesses. Our team maximizes eligible credits, maintains CRA compliance, and provides guidance throughout the R&D process to reduce stress and improve financial outcomes.

How do I schedule a consultation?

You can schedule a free consultation call directly through our website, or contact us via our Contact Us page, and our team will reach out to discuss your business needs.