SR&ED Tax Consulting for Electronic and Circuit Design & Engineering

“Discover your Potential for Innovation in Electronics & Circuitry with the SR&ED Tax Program”

Incentivizing Innovation:

The Impact of SR&ED in Canadian Electronic and Circuit Design & Engineering

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 electronic design and development sector. Through SR&ED, businesses focused on electronic engineering and technology innovations can significantly reduce their project costs, promoting an environment of continuous advancement and technological growth.

 

Demonstrating how critical this industry is globally, according to the 2024 Electrical and Electronics Global Market Report by market analysts The Business Research Company:

 

The electrical and electronics global market size is expected to grow from $3764.98 billion in 2023 to $4031.77 billion in 2024. This growth will certainly continue due to unwavering consumer demand, with the anticipated market value being $5194.42 billion in 2028. 

 

Electrical And Electronics Market Overview, Size, Demand, Trends 2024-2033  – thebusinessresearchcompany.com

The Key to SR&ED Funding Eligibility for Electronic and Circuit Design Engineers

To be eligible for the Scientific Research and Experimental Development (SR&ED) program, a project must meet two key criteria:

Technological Advancement (The “why”):

The project should aim to achieve a technological advancement by generating new knowledge or achieving a technological improvement. This could be developing new products, processes, or improving existing ones in a way that extends beyond the current state of technology.

Systematic Investigation (The ‘how’):

The project must be carried out through a systematic investigation or search. This involves formulating hypotheses and conducting experiments or analysis in a methodical manner to test these hypotheses. The process should be well-documented, demonstrating the pursuit of the stated technological advancements.

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 Electronic and Circuit Design Engineers

To be eligible for the Scientific Research and Experimental Development (SR&ED) program, a project must meet two key criteria:

Technological Advancement (The “why”):

The project should aim to achieve a technological advancement by generating new knowledge or achieving a technological improvement. This could be developing new products, processes, or improving existing ones in a way that extends beyond the current state of technology.

Systematic Investigation (The ‘how’):

The project must be carried out through a systematic investigation or search. This involves formulating hypotheses and conducting experiments or analysis in a methodical manner to test these hypotheses. The process should be well-documented, demonstrating the pursuit of the stated technological advancements.

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 Electronic Design SR&ED Claims

The swift pace of innovation and change in the electronic industry often poses a challenge when claiming SR&ED. We’ve moved far beyond circuit design diagrams to the point where even more advanced simulation platforms for PCBs are considered commonplace. To ensure eligibility 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.

 

At Checkpoint Research, we recognise the importance in securing SR&ED funding for electronic engineering projects lies in these three key factors

Documenting Your Journey

Clear articulation of your study objectives to outline what you aim to achieve through your work, as well as keeping accurate records on the process is crucial. This documentation forms the backbone of a successful SR&ED claim, showcasing the intentionality behind your efforts.

Learning from Every Outcome

In the realm of research, not every experiment leads to the expected results. However, it’s important to understand that such outcomes are valuable in their own right. Documenting these changes, as well as an explanation as to why the change is being made is important in making a robust SRED claim. This process can often feel redundant, however detailed reporting showing how known methods are failing to produce the desired results makes defining a project as novel and innovative much more simple.

A Strategic Approach

Meticulous preparation of the study protocol and documentation procedure is essential for securing both SR&ED funding and the project’s success. Similar to an approach like Design of Experiments (DOE), utilising a structured, statistical approach for conducting experiments creates high-quality research and reporting that can qualify for funding.

When you’re deeply involved in the intricate details of your project, it’s easy to overlook reporting and documentation practices throughout the process. This is especially true when issues arise throughout the project, as this is often when you’re more focused on performing rapid testing and prototyping to find a solution rather than detailing what’s occurring and why. It’s very important that all these changes and the reason they are being made be documented as soon as possible to ensure accurate reporting. 

Organizing a well-crafted and calculated approach for an efficient reporting and claiming process is where SR&ED consultancies excel. Implementing their well established documentation processes and tools for data capturing, 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.

45+ years experience

Our dedicated in-house team has a collective experience of 45+ years creating tailored processes for businesses in a wide range of industries to organise and secure SR&ED funding.

Connect With Us

Your Electronic Design SR&ED Claims

The swift pace of innovation and change in the electronic industry often poses a challenge when claiming SR&ED. We’ve moved far beyond circuit design diagrams to the point where even more advanced simulation platforms for PCBs are considered commonplace. To ensure eligibility 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.

 

At Checkpoint Research, we recognise the importance in securing SR&ED funding for electronic engineering projects lies in these three key factors

Documenting Your Journey

Clear articulation of your study objectives to outline what you aim to achieve through your work, as well as keeping accurate records on the process is crucial. This documentation forms the backbone of a successful SR&ED claim, showcasing the intentionality behind your efforts.

Learning from Every Outcome

In the realm of research, not every experiment leads to the expected results. However, it’s important to understand that such outcomes are valuable in their own right. Documenting these changes, as well as an explanation as to why the change is being made is important in making a robust SRED claim. This process can often feel redundant, however detailed reporting showing how known methods are failing to produce the desired results makes defining a project as novel and innovative much more simple.

A Strategic Approach

Meticulous preparation of the study protocol and documentation procedure is essential for securing both SR&ED funding and the project’s success. Similar to an approach like Design of Experiments (DOE), utilising a structured, statistical approach for conducting experiments creates high-quality research and reporting that can qualify for funding.

When you’re deeply involved in the intricate details of your project, it’s easy to overlook reporting and documentation practices throughout the process. This is especially true when issues arise throughout the project, as this is often when you’re more focused on performing rapid testing and prototyping to find a solution rather than detailing what’s occurring and why. It’s very important that all these changes and the reason they are being made be documented as soon as possible to ensure accurate reporting. 


Organizing a well-crafted and calculated approach for an efficient reporting and claiming process is where SR&ED consultancies excel. Implementing their well established documentation processes and tools for data capturing, 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.

45+ years experience

Our dedicated in-house team has a collective experience of 45+ years creating tailored processes for businesses in a wide range of industries to organise and secure SR&ED funding.

Connect With Us

Our SR&ED Services for the Electronics & Circuit Design Sector:

Eligibility Assessment

Quick, no-obligation evaluations to determine your potential for SR&ED claims in electronic design and development projects.

Documentation and Claim Preparation

Expert assistance in documenting electronic 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 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 Electronic Engineering Business

In the rapidly evolving world, staying ahead means constantly innovating and refining your technology. The SR&ED program offers a powerful tool for engineering & design businesses aiming to push the boundaries of technology while gaining financial advantages. Here are the key benefits of leveraging SR&ED for your business:

Significant Cost Recovery

Recoup a substantial portion of your development costs, including wages, materials, and third-party contractor expenses, directly related to your innovation efforts.

Enhanced Cash Flow

SR&ED tax credits can provide a crucial cash influx, improving your company’s liquidity and enabling further investment in groundbreaking projects.

Competitive Advantage

By facilitating continuous improvement and innovation, SR&ED supports your business in developing unique solutions that can set you apart in the market.

Risk Reduction for Innovation

The financial support from SR&ED reduces the economic risk associated with exploring new technologies or methodologies, encouraging bold experimentation.

Sustainable Growth

SR&ED benefits into your research and development activities can accelerate your business growth, ensuring long-term sustainability and success in the electronic design industry.

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.

Connect With Us

Benefits of SR&ED for Your Electronic Engineering Business:

In the rapidly evolving world, staying ahead means constantly innovating and refining your technology. The SR&ED program offers a powerful tool for engineering & design businesses aiming to push the boundaries of technology while gaining financial advantages. Here are the key benefits of leveraging SR&ED for your business:

Significant Cost Recovery

Recoup a substantial portion of your development costs, including wages, materials, and third-party contractor expenses, directly related to your innovation efforts.

Enhanced Cash Flow

SR&ED tax credits can provide a crucial cash influx, improving your company’s liquidity and enabling further investment in groundbreaking projects.

Competitive Advantage

By facilitating continuous improvement and innovation, SR&ED supports your business in developing unique solutions that can set you apart in the market.

Risk Reduction for Innovation

The financial support from SR&ED reduces the economic risk associated with exploring new technologies or methodologies, encouraging bold experimentation.

Sustainable Growth

SR&ED benefits into your research and development activities can accelerate your business growth, ensuring long-term sustainability and success in the electronic design industry.

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.

Connect With Us

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Keeping You Informed

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