SR&ED is an acronym for the Scientific Research and Experimental Development program, which was established by the federal government in the mid-1990’s to assist Canadian companies with financing their research and development initiatives.
On the Canada Revenue Agency web site SR&ED is defined as:
“…a federal tax incentive program designed to encourage Canadian businesses of all sizes, and in all sectors, to conduct research and development (R&D) in Canada that will lead to new, improved or technologically advanced products or processes. The SR&ED program is the largest single source of federal government support for industrial research and development.”
The SR&ED program is currently a $3.5 billion program with no upper limit on the value of claims. It is on track for significant growth.
DOES MY COMPANY
Are you a Canadian small business that develops new or improved materials, products and/or processes, in Canada?
Do you need to overcome one or more new and/or unexpected technological problems?
Is it necessary to conduct trials, experiments or analyses to solve these problems?
Do you require expertise or technologies not commonly available to your company to solve these problems?
Will successful completion of your work plan result in a technological advancement in your industry or field of science?
If you answered “yes” to the above questions, then you may be eligible to receive SR&ED tax credits!
TESTED & PROVEN
Pinnacle specializes in securing SR&ED funding for our clients, through analysis, writing, filing and defence. We take care to assemble a customized team of accountants, engineers, and other technical specialists, who are most knowledgeable about your specific technology and industry. Working together, this team produces winning claims, every time, because the claims are built on a solid foundation of science, financials and intimate knowledge of SR&ED law. In fact, we have successfully filed over 2,700 claims.
Many companies find the SR&ED process to be intimidating. Leveraging our proven consulting services enables your staff to focus on your core business, rather than getting bogged down with detailed paperwork and navigating the complex CRA guidelines. With every new client, we remain mindful of three objectives:
Adding Value: Your Innovative Tax Credits (ITC), net of Pinnacle’s fees, should exceed what you would have received if you prepared the claim on your own.
Time is Money: Our clients employ us to relieve themselves of the burden of preparing detailed SR&ED documentation. We are committed to producing comprehensive scientific and financial reports with minimal time commitment from you.
Win-Win-Win: The final outcome should benefit all parties involved: you, CRA and Pinnacle.
This unique method of doing business has earned us widespread recognition as a leader in maximizing SR&ED funding support for our clients.
WORKING WITH PINNACLE
Contact us to get Started. We strive to make the process of securing SR&ED funding a seamless experience for our clients.
RESEARCH & CLAIM
Extensive research into the inner workings of your company and industry allow us to develop SR&ED project descriptions and to guarantee that the claim complies with government SR&ED guidelines.
When our work is complete and your claim is approved you will recieve your funds to grow your business.
Absolute Success Our underlying culture is built on a foundation of absolute success, which means we fight hard for your financing no matter what challenges might arise.
Multidisciplinary Team Our SR&ED team doesn’t limit itself to accountants or engineers, but “accountaneers” who team up to ensure each claim contains just the right mix of science and financials.
Knowledge PCI is continually investing in the education of all their consultants to ensure that their clients who deserve this tax credit are eligible, and take advantage of the program.
WHAT PEOPLE SAY ABOUT US
- Pinnacle is unlike other SR&ED consulting services in that they have in-house expertise in financial advisory services which we utilized in 2007 when to our surprise we received a call from a bank appointed receiver that one of our contract manufacturers in the US was being foreclosed by their bank. We asked Pinnacle for help to meet with the bank appointed receiver and try to come up with some sort of arrangement. Pinnacle took on the challenge and transformed the crisis into an opportunity. Pinnacle dealt directly with the bank appointed receiver, negotiated with the bank to continue supplying our product and initiated the process and negotiated with the receiver to purchase the facility in Austinburg Ohio, securing the financing from state and bank sources and closed the deal in June 2008.
The acquisition, now known as RTS Companies USA was a pivotal step in our path to success, bringing us closer to our markets, expanding our capacity and providing a natural hedge in our labour pool and currency risk
http://www.starbeacon.com/archives/new-plastics-plant-executives-investors-welcomed/article_27b7746f-9c28-50e6-ae2d-c4183bc4f80f.html- Graham Lobban, CEO/President, RTS Companies Inc.
- We hired Pinnacle in 1999 on recommendation of Hauser Industries. Pinnacle worked with our team and our external accountants to prepare, file and defend our SR&ED claims making the process seamless and trouble free for us allowing us to focus in expanding our own product line and business. We are pleased with the results from our SR&ED program with Pinnacle and would highly recommend Pinnacle to any company.
- Graham Lobban, CEO/President, RTS Companies Inc.