SR&ED Program Consulting for Cloud Computing & Engineering
“Discover How to Become a Leader in Cloud Development Innovation with SR&ED”
Incentivizing Innovation:
The Impact of SR&ED in Canadian Cloud Computing & Engineering Technologies
The Scientific Research and Experimental Development (SR&ED) program is a federal tax incentive aimed at encouraging Canadian businesses to undertake innovative projects. This financial backing is essential for reducing the risks associated with innovation, driving progress, and ensuring competitiveness in Canadian industries, like the cloud computing sector. Through SR&ED, businesses focused on cloud engineering innovations can significantly reduce their project costs, promoting an environment of continuous advancement and technological growth.
The public cloud sector has experienced swift growth across the world as technology use and consumer demand continues to rise. Statista, a global industry statistics database, released a report that determined:
“Revenue in the [Canadian] Public Cloud market is projected to reach US$13.42bn in 2024. Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 8.39%, resulting in a market volume of US$18.52bn by 2028.”
It’s a booming industry with ever-increasing potential for growth and development in the Canadian market, as compared to many other countries, Canada still has quite a way to go in adopting and innovating in cloud computing technologies.
The Key to SR&ED Funding Eligibility for Cloud Engineers
To be eligible for the Scientific Research and Experimental Development (SR&ED) program, a project must meet two key criteria:
Projects that meet these criteria demonstrate a clear intent to solve technological uncertainties or challenges, which is fundamental for SR&ED eligibility. It’s crucial that this concept be the framework for your study design in order to be successful with your SR&ED claim.
The Key to SR&ED Funding Eligibility for Cloud Engineers
To be eligible for the Scientific Research and Experimental Development (SR&ED) program, a project must meet two key criteria:
Projects that meet these criteria demonstrate a clear intent to solve technological uncertainties or challenges, which is fundamental for SR&ED eligibility. It’s crucial that this concept be the framework for your study design in order to be successful with your SR&ED claim.
Your Cloud Computing SR&ED Claims
The swift pace of innovation and change in the cloud computing and tech industry poses a challenge for claims. To be eligible for SR&ED, it is crucial to stay at the forefront of innovation, continually adapting to ensure that your projects align with the latest advancements and remain distinct in a rapidly evolving landscape.
It’s also very important to be mindful that utilising cloud platforms under standard practices is not enough for SR&ED eligibility. In your claim you must showcase genuine innovation within your project that contributes new knowledge to the industry. Examples of this in the cloud computing sector could be discovering solutions that tackle the current limitations of cloud providers like Azure, or working through novel intercloud challenges that can’t be solved using any techniques in the current industry knowledge base.
We recognise at Checkpoint Research the importance in securing SR&ED funding for cloud computing projects lies in these three key factors:
When you’re deeply involved in the intricate details of your project, it’s easy to lose sight of your initial goals and overlook the changes made throughout the process, especially as developments can dramatically shift direction. Organizing a well-crafted and calculated approach is where SR&ED consultancies excel. Implementing their well established documentation process and tools, and utilizing their expertise in working with the CRA (free download on this topic available here) streamlines the entire claiming process both as the work is being done, and when it’s time to claim.
Our dedicated in-house team has a collective experience of 45+ years securing funding for research endeavours in a wide range of industries. Our personnel have in-depth education and experience in software engineering that can offer highly tailored SR&ED advice from a unique perspective for your claim.
45+ years experience
Our dedicated in-house team has a collective experience of 45+ years securing funding for research endeavours in a wide range of industries, including the software engineering sector.
Your Electronic Design SR&ED Claims
The swift pace of innovation and change in the cloud computing and tech industry poses a challenge for claims. To be eligible for SR&ED, it is crucial to stay at the forefront of innovation, continually adapting to ensure that your projects align with the latest advancements and remain distinct in a rapidly evolving landscape.
It’s also very important to be mindful that utilising cloud platforms under standard practices is not enough for SR&ED eligibility. In your claim you must showcase genuine innovation within your project that contributes new knowledge to the industry. Examples of this in the cloud computing sector could be discovering solutions that tackle the current limitations of cloud providers like Azure, or working through novel intercloud challenges that can’t be solved using any techniques in the current industry knowledge base.
We recognise at Checkpoint Research the importance in securing SR&ED funding for cloud computing projects lies in these three key factors:
When you’re deeply involved in the intricate details of your project, it’s easy to lose sight of your initial goals and overlook the changes made throughout the process, especially as developments can dramatically shift direction. Organizing a well-crafted and calculated approach is where SR&ED consultancies excel. Implementing their well established documentation process and tools, and utilizing their expertise in working with the CRA (free download on this topic available here) streamlines the entire claiming process both as the work is being done, and when it’s time to claim.
Our dedicated in-house team has a collective experience of 45+ years securing funding for research endeavours in a wide range of industries. Our personnel have in-depth education and experience in software engineering that can offer highly tailored SR&ED advice from a unique perspective for your claim.
45+ years experience
Our dedicated in-house team has a collective experience of 45+ years securing funding for research endeavours in a wide range of industries, including the software engineering sector.
Our SR&ED Services for the Cloud Engineering Sector
Eligibility Assessment
Quick, no-obligation evaluations to determine potential for SR&ED claims in cloud computing and development projects.
Documentation and Claim Preparation
Expert assistance in documenting engineering research activities and expenses, crafting clear and compelling technical narratives, and preparing financial claims.
Audit Support
Guidance and support through any SR&ED reviews or audits, leveraging our software development research expertise and experience working with the CRA to defend your claim.
Consultancy
Consultants are great for offering a new and expert perspective on your project – tunnel vision can cause mistakes or missed opportunities, and having a fresh set of eyes can help identify areas of opportunity and improvement.
Our Approach
Our team adopts a comprehensive, year-round management approach to SR&ED claims, moving beyond the conventional seasonal rush around tax time. We engage with our clients continuously, ensuring that every aspect of the SR&ED claim process is meticulously managed. This ongoing collaboration allows us to implement and maintain best practices, resulting in high-quality SR&ED applications that stand the test of scrutiny, fostering a foundation for sustainable success and maximum financial advantage.
Our Numbers
8,500
Number of Projects
500M
Total Claim Expenditures
96.5%
Successful Claims
“Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.”
Harris Rackham
Benefits of SR&ED for Your Cloud Computing Business
In the rapidly evolving world of cloud engineering, staying ahead means constantly innovating and refining your technology. The SR&ED program offers a powerful tool for businesses aiming to push the boundaries of technology while gaining financial advantages. Here are the key benefits of leveraging SR&ED for your business:
Our experts in SR&ED consulting services can help unlock these advantages for your business, guiding you through the claiming process and maximizing your returns simply and stress-free, allowing your team to focus on growth and innovation.
Benefits of SR&ED for Your Software Business:
In the rapidly evolving world of cloud engineering, staying ahead means constantly innovating and refining your technology. The SR&ED program offers a powerful tool for businesses aiming to push the boundaries of technology while gaining financial advantages. Here are the key benefits of leveraging SR&ED for your business:
Our experts in SR&ED consulting services can help unlock these advantages for your business, guiding you through the claiming process and maximizing your returns simply and stress-free, allowing your team to focus on growth and innovation.
SR&ED KNOWLEDGE
Keeping You Informed
Interested in unlocking the full potential of SR&ED for your cloud computing company? Dive deeper into our insightful articles for comprehensive information on SR&ED claiming processes and best practices.
Don’t miss out on our exclusive free digital download: “How to Work with the CRA” This valuable resource is designed to streamline your SR&ED claim experience, offering key insights and tips on working effectively with the CRA.
