SR&ED credits for Canadian companies
Prepare your SR&ED claim from the work your team already does
Sredify connects to the tools your team already uses, finds the work that may qualify for the SR&ED tax credit, and helps you build a claim an auditor can follow.
See how it works
From sign in to a claim package, in 1:32.
Read the transcript
Claiming SR&ED usually means weeks of digging through old work. Sredify builds your claim from the work your team already does.
Sign in with Google and name your company. That's all it takes to start.
Fill in your business and tax profile once. Sredify uses it to work out your credit rate, like the higher rate for Canadian private companies.
Add the people who do the work. Give each one their role, and link them to their code, so their hours can be counted.
Create a project on the board. Each one is a piece of work you might claim.
Connect your code, and add the repos that belong to the project. Then describe what you were trying to figure out.
Now run an assessment. Pick Future to check planned work before you build it, or Past to read the work in a date range. In about a minute, you get the eligible work, the hours behind it, and a draft report. You can adjust anything before it counts.
When the year is done, open the claim package. Salaries, contractors and overhead are filled in, with a credit estimate. Every hour shows where it came from, so it holds up if anyone asks.
Hand it to your accountant, and file. Get started at sredify.ca
35%
back as a refundable credit for CCPCs
$6M
a year of spending at the 35% rate
18 months
after your tax year ends to file
Connect the tools your team uses
An Admin connects your work tools once for the whole company. Sredify only reads the records of the work. It never changes them.
See what may qualify
Each project gets an assessment that separates routine work from work that may count as SR&ED, with the reasons written out.
Hours you can back up
Recorded time and estimates are kept apart and labelled, so every hour in the claim can be traced to its source.
Build the claim package
Turn the evidence into project narratives for Form T661 and a claim package your accountant can review.
SR&ED questions
What is SR&ED?
SR&ED (often written SRED) stands for Scientific Research and Experimental Development. It is Canada's biggest tax incentive for research, run by the Canada Revenue Agency. Companies that solve hard technical problems in Canada, including in software, can claim part of what they spend.
Read the full articleHow do SR&ED credits work?
Canadian-controlled private corporations (CCPCs) earn a 35% credit on the first $6M of eligible spending each year. Above that, and for most other corporations, the rate is 15%. Provinces add their own credits on top.
Read the full articleHow can I get money back from SR&ED?
For a CCPC the 35% credit is refundable: the CRA pays it out in cash, even if you owe no tax. For example, $400,000 of eligible salaries could bring back about $140,000 federally, before any provincial credit.
Read the full articleHow do I file an SR&ED claim?
You claim with your corporate tax return, using Form T661 and the credit schedule. It is due 12 months after your return is due, which for most corporations is 18 months after the tax year ends. Miss it and that year's credit is lost.
Read the full articleIs SR&ED a grant?
Not quite. People often call it the SR&ED grant, but it is a tax credit. A grant is approved before you start. SR&ED is claimed after the work is done, based on the records you kept along the way, which is why good records matter so much.
Read the full articleDo I need an SR&ED consultant?
No, many companies prepare their own claim and their accountant files it. A consultant can help with a first or complex claim. Either way the claim depends on your records, and Sredify gets the work and the hours ready so your consultant or accountant starts from an organized package.
Read the full articleWhy we ask you to sign in with Google
Sredify uses Google sign-in so your team can share one company account with roles (Admin, Editor or View only). We ask Google only for your name, email address and profile photo, to show who is on your team. We never see your password, Gmail or Drive, and we never sell data. Read the privacy policy.