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Don't Let the SR Throw You

Don't Let the SR Throw You

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Published by SRED Unlimited
Bruce Madole explains why the words "Scientific Research" should not scare your business-oriented company away from identifying claimable activities.

( http://www.sredunlimited.com )
Bruce Madole explains why the words "Scientific Research" should not scare your business-oriented company away from identifying claimable activities.

( http://www.sredunlimited.com )

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Categories:Types, Brochures
Published by: SRED Unlimited on Nov 12, 2010
Copyright:Attribution Non-commercial

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01/07/2011

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Copyright 2010 Bruce MadoleDont Let the SR Throw You
Don’t Let the SR Throw You
If you’re trying to improve your products, services or technical processes, or eventrying to develop new ones, you need to be aware of the “Experimental Development” part of the Scientific Research and Experimental Development (SR&ED) tax incentive program. Don’t let the Scientific Research (SR) part of the program discourage you or throw you off the track – there’s money at the end of this, if you are doing work thatqualifies!It would be easy, if you are a small or medium-sized business, to glance at thetitle of this program and think, “Well… we’re just <whatever>, we’re not scientists”, andthus overlook the second half of the program title: the
experimental development 
part.Experimental development occurs when:
you are faced with a technology problem or an information gap (about your technology), and
standard practices and normal approaches offer no solutions and
the knowledge or data you need is not generally or publicly available, and
you make and follow a plan to pursue the solution through experimental or iterative approaches, which might include such things as prototypedevelopment, cycles of testing and analysis, etc.Of course, this last point is also critical – you have to be following a plan.Experimental development is not about “trial and error”, although you will often hear  people describe their work using that toxic phrase by mistake. (Many people who use this phrase actually had some kind of a plan, if you ask them.) “Trial and error” is not aneligible SR&ED activity. Trial and error, to the Canada Revenue Agency, means that you
This document is the property of Bruce Madole, and is used by permission. All rights are reserved. The opinions expressed herein are personal, created for entertainment andinformation purposes, and are not intended to be relied on in place of professional counsel or advice. No part of this document may be re-used, transmitted or re-transmittedwithout the express prior written consent of the author, who can be contacted at: brucemadole@sympatico.ca 

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