Medical SR&ED FAQ
Can a Department structure involving pooled revenues and group responsibilities be eligible for SR&ED?
Having a complicated corporate structure simply means you need a SR&ED expert. Upon review, we are often able to define or, if necessary, create the financial ‘path’ to your SR&ED expenses and thus, make your company SR&ED eligible.
My company and I do R & D, however, our efforts are paid from various
sources such as universities, pharmaceutical companies, government grants/ subsidies and the like; is my company SR&ED eligible if they are involved?
Having external sponsors pay for R&D does not necessarily exempt you from being SR&ED eligible. Being clear about financial structures uncovers opportunities and avoids “double-dip” issues.
Do I need to have a professional corporation in order to be eligible for SR&ED refunds?
In most cases individual doctors make claims based on wages paid by their professional corporations. The SR&ED claims are made by the professional corporation and not the individual.
Funding Medical Researchers
Medical research and development in a wide range of scientific activities qualifies for SR&ED funds:
- Development of treatment protocols and therapies.
- Clinical trials of drugs and devices.
- Invention and development of medical devices.
- Fundamental science.
Medical researchers with clinical revenue in a professional corporation can significantly increase their income with the SR&ED program.
Contact us now to find out how your colleagues are claiming SR&ED refunds, some going on to their 6th and 7th year.
SR&ED claims can be easy and efficient. Let our experienced associates do the work, while you focus on clinical activities and research. Our streamlined systems simplify the SR&ED process and minimize your time investment – we are paid only on results.
We are recognized experts at recovering SR&ED funds for clinical scientists. Goulet Associates assist physicians and their accountants to build advantageous tax strategies. We have completed over 135 SR&ED claims for medical professionals, totalling over $6 million in refund cheques.
Calculate the value of your claim.
We achieve high client satisfaction and retention by recognizing "unseen" claims, sending monthly tracking reports and offering competitive fees from the outset.
Testimonials
“Goulet Associates has been a pleasure to work with, very adept at compiling the technical medical descriptions. Maurice kept my accountant and myself informed throughout the approval process and all went very smoothly.“
Brett Heilbron, MD FRCPC, Dr. Brett Heilbron Inc.
“Goulet Associates are highly qualified, professional and very effective in delivering funding. I will continue to recommend them to my colleagues.”
Andrew Ignaszewski, MD, FRCPC, FACC, Andrew Ignaszewski MD Inc.
“After 4 successful claims, I do not hesitate to recommend Goulet Associates to my physician colleagues.”
Tom Elliott, MDFRCPC, BCDiabetes.ca