SR&ED Tax Consulting for Manufacturing Equipment and Machinery

“Discover Our Streamlined Methods for Unlocking SR&ED Benefits in the Equipment Manufacturing Industry”

Incentivizing Innovation:

The Impact of SR&ED in Canadian Manufacturing Equipment and Machinery

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

 

Highlighting the increasing growth and investment Canada is experiencing in this industry, Statistics Canada’s Annual Survey of Manufactures and Logging determined:

 

Machinery manufacturing revenues in 2021 reached $40.5 billion – a 12.1% increase when compared to 2020 with revenues of $36.1 billion.

The Key to SR&ED Funding Eligibility for Mechanical & Electrical Control 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 Mechanical & Electrical Control 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 Equipment Manufacturing SR&ED Claims

Demonstrating technological uncertainty is a requirement for SR&ED eligibility, and in the manufacturing industry this can pose a challenge. Manufacturing designs and processes are often based on incremental improvements or already existing knowledge, making it difficult to not only effectively document the process, but to define projects as innovative. To be eligible for SR&ED, it is crucial to be strategic with your design to ensure your project is innovative, and to maintain appropriate reporting practices that will substantiate your claim.

 

At Checkpoint Research we recognise the importance in securing SR&ED funding for manufacturing 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.

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 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.

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 Equipment Manufacturing SR&ED Claims

Demonstrating technological uncertainty is a requirement for SR&ED eligibility, and in the manufacturing industry this can pose a challenge. Manufacturing designs and processes are often based on incremental improvements or already existing knowledge, making it difficult to not only effectively document the process, but to define projects as innovative. To be eligible for SR&ED, it is crucial to be strategic with your design to ensure your project is innovative, and to maintain appropriate reporting practices that will substantiate your claim.

 

At Checkpoint Research we recognise the importance in securing SR&ED funding for manufacturing 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.

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 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.

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 Equipment Manufacturing Sector:

Eligibility Assessment

Quick, no-obligation evaluations to determine potential for SR&ED claims in agricultural projects.

Documentation and Claim Preparation

Expert assistance in documenting agricultural 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 agricultural research expertise 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 Manufacturing Business

In the rapidly evolving world of science and research, staying ahead means constantly innovating and refining your technology. The SR&ED program offers a powerful tool for manufacturing 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

Reinvesting SR&ED benefits into your research and development activities can accelerate your business growth, ensuring long-term sustainability and success in the manufacturing 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 Manufacturing Business

In the rapidly evolving world of science and research, staying ahead means constantly innovating and refining your technology. The SR&ED program offers a powerful tool for manufacturing 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

Reinvesting SR&ED benefits into your research and development activities can accelerate your business growth, ensuring long-term sustainability and success in the manufacturing 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

SR&ED KNOWLEDGE

Keeping You Informed

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Interested in unlocking the full potential of SR&ED for your equipment manufacturing company? Dive deeper into our insightful articles for comprehensive information on SR&ED claiming processes and best practices.

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How To Work With The CRA (SR&ED)

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