Medical SR&ED tax credits
SR&ED tax credits for medical research you’ve already done.
If your team ran experiments to answer a question nobody could answer yet, part of what your company spent on that work may come back as a tax credit. Ethan works out what qualifies and which company should claim it, then prepares the claim with your accountant.
What kind of work qualifies?
MITRAS provides medical SR&ED consulting for Canadian physicians, medical professional corporations, clinical research teams and medtech companies. SR&ED is the Scientific Research and Experimental Development tax incentive program.
SR&ED covers the experimental part of a project: the work where nobody knew the answer at the start, so the team had to try something, check the results and adjust. That can happen in a clinical trial, a device, an assay, an imaging method or medical software. Routine care and standard testing don’t count, however advanced they are.
The money side has to line up too. The company that claims has to be the one that did the work and paid for it, so salaries, contracts, grants and hospital or university agreements all matter. Your protocols, notes, emails and payroll records usually show both sides already.
Ethan stays on the file from the first call until the credits are paid, including any questions from the CRA.
Medical SR&ED by team
Prepare for a medical SR&ED discussion
Not sure if your research counts?
A 15-minute call is usually enough to tell whether it’s worth a closer look. Bring a short description of the work and your corporation’s year-end.