Island SRED Clears the Way for Vancouver Island Businesses Seeking Research and Development Tax Credits

Canada’s Scientific Research and Experimental Development (SR&ED) program is a federal tax incentive program designed to encourage technological development by offering a substantial rebate on every research dollar spent. If you’re a Vancouver Island company pursuing business innovations, technical modernization, or other improvements, Island SRED in Qualicum Beach can help cut through the clutter to ensure you get the most for every research dollar you spend.

How does the process work? Island SRED provides a free consultation to determine whether your company qualifies for SR&ED program benefits. If you do, they then work with you to complete the paperwork and submit it to the government on your behalf. There is no charge for their services until the claim is approved and you receive your government rebate.

Vancouver Island companies can apply for SR&ED investment tax credits for expenditures such as wages, materials, machinery, equipment, some overhead, and SR&ED contracts. Island SRED works with all sorts of clients in many different industries, including:

• heavy industrial equipment manufacturing;
• medical – practitioners conducting research on new equipment and pharmaceutical treatments;
• software, website development, and database construction;
• shellfish and finfish rearing, as well as related equipment development;
• conventional and alternative energy sources;
• ROV developments;
• agriculture - greenhouse and field crops, vineyards, and wineries; and
• boat building.

​Island SRED is highly thought of in the SR&ED community. Their well-rounded team of full-time professionals in taxation, accounting, science, and engineering offers personalized service tailored to your company’s needs and goals.

Their sister company, Incentive Access Group, supplies SR&ED services to clients in British Columbia and Alberta. Together, Island SRED and Incentive Access Group have helped 270 satisfied clients file more than 600 SR&ED claims for projects during the last year. Why not join them? Contact Island SRED today to find out how to earn tax rebates on your research dollars!

TESTIMONIAL

1stView has used Island SRED's services for the past three years, and we've been extremely happy with the results! We've received rebates from the federal government based on our proprietary research and database development. We highly recommend Island SRED to anyone who thinks they might qualify for a Scientific Research and Experimental Development claim. ~ Clarice Coty