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SR & ED Tax Consulting Services

Research and Development Costs Refunded

Are you aware that the Federal Government refunds up to 35% of Research & Development (R&D) costs for qualifying companies? The Provincial Governments also provide assistance, with the Ontario Government providing up to an additional 10%.

To maintain leadership in today's competitive environment, Canadian companies must innovate. The Federal and Provincial Governments recognize this and encourage innovation by refunding your Research and Development (R&D) costs through the Scientific Research and Experimental Development (SR&ED) program.

Your chance to claim your R&D tax refund may be expiring, so you should act now. Call SOMOS at 1-877-766-6776 for a free consultation about the eligibility of your projects.

What is SR&ED?

SR&ED refers to the Scientific Research and Experimental Development tax credit program administered by the Federal Government. Most software development and high technology companies are engaged in research and development at some level and often do not realize that they qualify for funding. If technological uncertainties are present at the outset of the development project or evolve over time, it is very likely that experimental development has occurred.

If you have been involved in any of the following activities, your company may qualify:

  • Performing new computer software or hardware development.
  • Combining or using existing technology in new ways.
  • Improving existing software / hardware products or development processes.
  • Improving a manufacturing process, or an existing product.
  • Developing a product or software that is innovative, more efficient, less expensive, or more robust than existed before.
  • Creating prototypes.
  • Projects with failures or unexpected technological problems that needed to be resolved.
  • Projects necessitating multiple designs, design models or alternate courses of action to address technological or scientific problems.


Overview of Services

SOMOS offers a complete range of consulting services for clients involved in R&D. These services include:

  • Assessing the candidate development projects for SR&ED eligibility.
  • Identifying the qualifying activities and costs.
  • Preparing the technical project descriptions and other documentation required to successfully access this program.
  • Amending tax forms and schedules.
  • Participating in CCRA scientific and financial audits as required.
  • Managing your SR&ED claim from beginning to end, leaving you to focus on your business.

As project management experts, we are uniquely positioned to help improve your project management processes and train your staff to ensure your R&D projects are successfully completed and that proper documentation is kept to support your claim.

Why is SOMOS Successful?

SOMOS has a team that specializes in SR&ED claims. Our consultants are experienced in preparing the technical project descriptions as well as the required financial documentation and supporting you during the CRA audits, which constitute the most critical aspects of the SR&ED program. Our in-depth knowledge of the SR&ED program allows us to maximize your claim and potential refund. With our professional project management, business, technical, and software development consultants, SOMOS is uniquely positioned to serve a wide variety of organizations. Our SR&ED specialists have successfully performed this work for over 10 years. Contact us 1-877-766-6776 for a free initial assessment of your claim potential.

Recent SR&ED Projects

SOMOS consultants have worked with numerous types of organizations preparing their SR&ED tax claims. Much of our SR&ED experience is in the software development field. The following list outlines a few software development projects that SOMOS customers have been successful in receiving SR&ED tax credits for:  

  • Creating data warehouses that utilized a proprietary data warehouse engine for storing time series data and developing a powerful front-end to access this data.
  • Integrating a proprietary data warehouse engine with relational databases in a unique way.
  • Combining new technologies to create technological advances in data warehousing. For example, a new 3-tiered Java product was created, when Java was in its infancy, which made use of a new Java wrapper product.
  • Attempting to build a bridge between two existing software technologies so that the two technologies could exchange data seamlessly.
  • Improving the performance of existing software products was an objective of numerous projects. For example, one project involved improving the algorithms to search data warehouses as well as speeding up the response time to retrieve and display the response.
  • Creating advances in digital media technology. These projects included working with media firms that were looking to create new products by developing software and combining it with existing hardware components in a unique way.

SOMOS consultants have been successful in claiming and receiving tax credits for our clients, including one client who has received over one million dollars in tax credits. A claim has never been rejected for this client over a 7-year period and our staff assisted the client in passing both their scientific and financial audits on numerous occasions.

We also have experience in the industrial markets, having submitted SR&ED returns for manufacturing firms developing new products and processes (e.g., a new label printing process, and new types of hinges that did not exist in the marketplace).


Contact Info

For further information on SOMOS tax consulting, project management, and training services, please click here or call: 613-592-5050 x306 or toll-free at 877-SOMOS PM (877-766-6776) x306.