Scientific Research and Experimental Development

Your business’ current research and development (R&D) expenses may be eligible for up to a 70-percent refund from the Canadian government from the Scientific Research and Experimental Development (SR&ED) Investment Tax Credit Program. This program encourages Canadian businesses of all sizes and in all sectors to conduct R&D in the pursuit of scientific and technological advancements which may lead to new or improved products or processes.

With more than$3 billion a year in funding, the SR&ED program is the largest single source of federal government funding for business-led R&D. However, careful attention must be paid to the parameters and requirements for SR&ED claims. Our team consists of tax and technical experts including scientists, engineers and IT specialists who understand the nuances of your business’ R&D. We help identify eligible SR&ED projects and work closely with you and your team to file accurate, clear claims. If selected for a Canada Revenue Agency (CRA) review, we then guide you through the process. Finally, we assist with strategic tax planning that takes into account potential SR&ED tax credits and their impact on your bottom line.

How to file a SR&ED claim 

In this insightful video, Jay McLean, MNP’s National SR&ED Services Leader discusses effective planning strategies for filing a SR&ED claim to get the most out of funding opportunities. 

Access Exclusive Content 

Stay competitive by signing up to receive practical and reliable information on tax that will help your business succeed.

Insights

  • Performance

    May 11, 2021

    Orthodontist Wins New Court Case to Preserve GST HST Input Tax Credits

    A new judgement by the Tax Court of Canada will have ramifications for orthodontists claiming or wanting to claim GST / HST. Find out more.

  • Performance
    building

    May 10, 2021

    2021-22 Nova Scotia Budget Highlights

    Nova Scotia Finance Minister Labi Kousoulis tabled the Province’s 2021-22 Budget on March 25, 2021. Budget 2021-22 continues to focus on managing the pandemic and working towards economic recovery.

  • Performance
    New Brunswick Government Building

    May 06, 2021

    New Brunswick Budget Highlights

    New Brunswick Finance Minister Ernie Steeves tabled the Province’s 2021-22 Budget on March 16, 2020, focusing on addressing public health challenges and supporting the Province’s economic recovery.

Contact our Tax Team

Jay McLean

Jay McLean CPA, CMA, P.Eng., MBA

Partner, National SR&ED Leader

Jay McLean is a MNP Partner and national leader of the Government Incentive practice including: Scientific Research & Experimental Development (SR&ED) tax credits and Ontario Interactive Digital Media tax credits (OIDMTC), and more.

He is a designated accountant and engineer with more than 20 years of experience working with companies from varying industry sectors. The majority of Jay’s client work is with SME private companies. Jay is committed to providing clients the highest and most efficient service possible in all situations, and as such will coordinate service engagements.

As the leader of the national SR&ED practice, Jay’s experience spans a variety of R&D settings, prototyping, and production environments including: development of new materials, engineering consulting companies, software development, manufacturing settings and more. Jay also has considerable experience leading SR&ED audits with the Canada Revenue Agency to very successful outcomes.

He is a graduate of both University of Waterloo and Wilfrid Laurier University. Jay is also a member of the Chartered Professional Accountants of Ontario, and the Professional Engineers of Ontario.