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Tripol Management Services

SR & ED Refunds & Tax Credits - Are you missing out on government funding?

On September 15th, 2005, NewPath member Dmitry Brusilovsky facilitated a workshop for our members on how to use government funding available through the SR&ED program to pay for your next project, application development or to assist your current clients in securing refunds and tax credits for past initiatives that qualify. Dmitry's company Tripol Management Services helps companies to prepare and submit the complex applications as well as assisting with pre-qualifaction for future initiatives.

The Scientific Research and Experimental Development (SR&ED) program is a federal tax incentive program 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.

Claimants can apply for SR&ED investment refunds and tax credits for expenditures such as wages, materials, machinery, equipment, some overhead, and SR&ED contracts.

Tripol Management Services will provide your organization with complete turn key service including:

  • Pre-screening and projects identification; determination of the claim potential.

  • Recommendations about R&D projects structuring to better meet the criteria of SR&ED program.

  • Preparing a detailed technical report describing the customer's project and development or experimentation performed.

  • Working with your administration/ accounting staff to pull together the value of the claim and to merge the SR&ED submission with your tax return.

  • Preparing all tax schedules and accounting reports detailing the costs associated with the projects to support the amounts claimed.

  • Dealing with SR&ED financial and technical reviewers to facilitate the acceptance of the claim.

  • Assistance in any and all negotiations on the Client behalf.

For more information, visit www.tripol.ca or email Dmitry directly at dmitry@tripol.ca

Find more information on the SR & ED Program visit their website by cicking the logo below:

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