Many countries offer generous grants, credits and incentives in areas such as the digital economy, energy efficiency, environment, globalization, innovation, sustainability and training. In particular, Canada offers some of the world’s richest, most broadly applicable research & development (R&D) tax incentives—worth up to 82% of the development costs for new or improved products and/or processes. All technology-based companies developing new or improved technology have a basis for an R&D claim, as do all manufacturing-based companies developing or improving products or processes.
With practitioners who are fluently trilingual in engineering, tax and “CRA”, we have assisted thousands of public and private companies to realize a sizable R&D tax credit. It’s a no-risk proposition: only a few hours of time with your senior technical people can lead to more opportunities than you previously imagined.
Identifying eligible R&D activities and preparing robust supporting documentation is often unfamiliar territory or you may not have the resources to complete the paperwork required to file a claim. Deloitte can assist with the whole process from scoping through document preparation and submission. Deloitte combines deep tax technical expertise with highly experienced scientists and engineers to help ensure all aspects of an incentive claim are fully understood and considered. We utilize technology-based solutions worldwide to ensure a smooth process with increased transparency and compliance with all regulatory changes.
Ensuring that you equitably receive your fair share of the numerous grants, credits and incentives available requires time and effort. The Deloitte team is highly experienced in the practicalities of preparing, negotiating and agreeing such applications including all aspects from initial feasibility reviews to document submission. Deloitte’s knowledge in this specialized area ensures that we understand and evaluate all the nuances and details of specific opportunities and allows you to be confident you have realized your potential benefits for the least amount of time, effort and expense.
R&D claims and government Incentive applications often receive intense regulatory scrutiny. Deloitte provides assistance in audit resolution as well as support related to claims and information requests or objections from relevant government bodies. This team includes former officials with various regulatory agencies who have an in-depth understanding of the regulatory processes for approval. Deloitte delivers an inside out perspective and you can be confident you are receiving sound guidance.
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