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SR & ED

When was the last time you got a check from the Government?

Quote:
"What Web TimeSheet brings to the SR&ED process is simplified, distributed documentation. The process has changed from an over-complicated administrative hassle to a painless, automatic activity thats part of our weekly timesheet process."
John Eddy, CEO, Replicon Inc.

SR&ED Facts
  • In 2001, Canadian companies received over $1.4 billion of cash or tax credits through the SR&ED program
  • Over 15,000 companies claimed SR&ED tax credit in 2001
  • The Federal Government has now made claiming SR&ED refunds much easier
  • 23% of eligible claimant's feel maintaining the necessary records requires too much time. Learn more about the SR&ED program

Finally a worry free, easy way to claim SR&ED tax credit. See how Web TimeSheet makes it easy for you!

  • Simple, user-friendly timesheet takes only 2 minutes a day per employee to enter time with comments on work activities, uncertainties and status. Eliminating the need to re-construct the previous years R&D activities.
  • Management is hands-off, with customized automatic e-mail reminders and reports on late submissions.
  • More prepared to file the claim on time (within 18 months of work performed) with all the time tracking and journalizing activity done by employees on a daily or weekly basis.
  • Implement organization wide within hours
  • Proven solution, Web TimeSheet has helped organizations claim millions of dollars in SR&ED tax credits
  • Track both time and expenses
  • Future SRED claims become easier
Leading by Example
  • Read how our organization used Web TimeSheet to claim SRED tax credit successfullyRevolve Magnetic Bearings
  • See why Revolve chose Web TimeSheet to reduce documentation headaches for their SRED claims
Take the initiative today, get cash credit for your company! Start today, call 1-877-662-2519 ext. 2 or e-mail sales@replicon.com

What is SR&ED?

  • Government tax credit for companies that participate in research and development of innovative products
  • It is not a government subsidy, rather your corporation has the right to claim the refund if you qualify
  • For any industry whether it be manufacturing, pharmaceuticals, bio-tech, software development, or high tech
  • Companies must qualify under all 3 categories, there must be:
    • Technological Advancement
    • Technological Uncertainty
    • Scientific process and Documentation
  • Canada offers one of the greatest R&D tax incentive programs in the world to further accelerate the countries development of innovative solutions. As a private or public Canadian corporation you are entitled to a cash credit on labor and expenses incurred on R&D, given you meet basic criteria.