Accountant in Mississauga, Brampton, Etobicoke, GTA, Ontario
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What our clients say

"Harpal Dharna and his associates have been my financial advisors for over 3 years, and thanks to Harpal's advice, my net worth has doubled in that time. Harpal is always available to discuss my financial situation and is patient and takes the time I need to explain financial matters, sometimes more than once!"     

By PATRICIA BALL
Bookkeeping, Accounting and Investment services in Mississauga, GTA, Ontario
     
 
SR & ED Claim
(Scientific Research & Experimental Development)

What is SR & ED PROGRAM?

SR & ED stands for scientific research and experimental development. As an incentive to spur the growth of start-up companies and innovations, both the federal and provincial governments have implemented programs that allow companies to claim back allowable SR & ED expenditures. These programs result in savings to your company through investment tax credits (ITCs) and/or current deductions from income. Like many of our clients, your company may even be eligible to receive a cash refund on a portion of its SR&ED expenditures.

For a free introductory SR & ED diagnostic session, or to find out more about our services, please contact our team leader Harpal Dharna @ 905.212.9149

Some key SR & ED facts:

  • $1.8 billion paid annually in SR & ED incentives;
  • 11,000 claimants annually;
  • 70% of claims are from small and medium businesses.

Dharna & Associates focuses on helping clients achieve the full benefits of the SR & ED tax incentives through cost effective claiming processes. Given today's pace of business and competition you may be overlooking this source of cash because you lack the time, resources or expertise needed to identify and manage SR&ED tax claims. The SR & ED program provides nearly $2 billion in credits to over 18,000 claimants each year. Indeed, too often companies dismiss the idea of a SR & ED claim because they don't know the process or don't understand what might be a qualifying expenditure. That's were we come in!

How we approach?

We know the importance of your time and so we focus on developing effective, low-cost claiming processes by:

  • Identifying eligible projects and developing effective claiming strategies with you;
  • Increase the claim value by identifying additional eligible projects and relationships between projects;
  • Reviewing your technical descriptions and fine tuning the details;
  • Identifying eligible costs;
  • Assisting and guiding you through both the financial and science audits;
  • Transferring skills to your team whenever practical including team training;
  • Training your people to effectively draft project descriptions through a collaborative process with our science writers;
  • Recommend project cost system improvements; or
  • Design and implement project cost systems to capture data for future claims when desirable;
  • Make the process less painful.
   
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