Dealing with technology? You might be eligible for government funding

SR&ED (Scientific Research & Experimental Development) is an incentive program by the Canadian government that refunds companies involved in Research and Development (R&D). (See the information about the program on the CRA website.) Canadian companies that spend money on creating or modifying products or processes through experimenting are eligible for SR&ED. Any company that deals with technology (software and hardware development, machinery, printing etc.) may qualify. If you created an entirely new industrial process or improved an existing one, if you took a database driver and rewrote it so its performance doubled, if you came up with a fuzzy logic algorithm to facilitate scheduling - all of this may be eligible. Innovation, uncertainties you overcame, and technological advancement are the criteria for eligibility. Even failed experiments may qualify. Non-Canadian owned companies also qualify, if they pay salary in Canada.
The SR&ED program is available to companies involved in Research and Development (R&D). Eligible expenditures include your time, employee and subcontractors labour, materials and equipment. SR&ED money is given as a refund for work already done.
Read more about SRED

Not involved in R&D? You can still benefit from SR&ED!

SR&ED is a government program that refunds companies their expenditures on research and development. (Some information on SR&ED)

How can you benefit from SR&ED if you are not involved in R&D?

If you are an accountant, a business management consultant, or do something else that brings you in touch with many businesses, you may want to let your clients know about SR&ED. Some of your clients may be involved in research and development (technical, software and hardware development, printing, machinery engineering and any other technology-related activity may qualify). If you let them know about the program, they might get a very significant refund. We pay commission if you send someone to us and their claim is successful.

I am going to hold an information session on SR&ED sometime soon, targeting accountants and management consultants. Are you interested? If you know any other accountants or management consultants, please let them know about the session, too. The session will be held sometime in February and will be about 1 hour long. (If you are interested, contact me at for further information.