Your Reliable Partner in
scientific research and experimental development Investment tax credits
With Online Accountant SRED reaches a new height of ease, innovation and growth. We help you not only claim but understand SRED tax credits and deductions along with other incentives without missing a dime.
Your Reliable Partner in
scientific research and experimental development Investment tax credits
With Online Accountant SRED reaches a new height of ease, innovation and growth. We help you not only claim but understand SRED tax credits and deductions along with other incentives without missing a dime.
What is SRED?
SRED stands for scientific research and experimental development. The Canadian government, to encourage innovation, grants refunds and tax credits to companies investing in research and development. Companies that are more inclined to undertake scientific research and development are not only able to benefit financially but are also at the cutting edge of advancement because, ultimately, money spent on knowledge is the greatest investment.
What is SRED?
SRED stands for scientific research and experimental development. The Canadian government, to encourage innovation, grants refunds and tax credits to companies investing in research and development. Companies that are more inclined to undertake scientific research and development are not only able to benefit financially but are also at the cutting edge of advancement because, ultimately, money spent on knowledge is the greatest investment.
Trustworthy SRED Services in Canada
Online Accountant streamlines SRED processes for its clients. Our expert staff understand that this process can be complex, which is why we assist you every step of the way. We also customize our services according to the unique nature of your business.
Identifying Eligible Areas
Our onboarding processes begin by identifying those areas of your business that qualify for SRED credit. We do not take a solo flight in this. Rather, we partner with your team to actively work on claiming the maximum credits.
Documentation
SRED Advisory
We provide impeccable services for mature businesses. Not only that, we provide equally good services to novice companies experimenting with SRED.
Our services are meant for every business, big or small.
Compliance
With the expanding SRED Framework in Canada, staying compliant can be paramount for business success. We walk with you shoulder to shoulder, making sure that you adhere to all necessary standards.
Preparation of claim
Audit Assurance
Why Online Accountant is Better for SRED Tax Credit Solutions
Since Online Accountant focuses on small and medium-sized businesses, we understand that every penny is important for our clients.
This is what makes Online Accountant a trustworthy partner for its clients: predictability of fees, no surprise invoices, and guaranteed charges.
Our values are based on secrecy, confidentiality, reliability, security, and professional empathy.
Similarly, Online Accountant offers competitive market rates, making us the first business choice across Canada.
What You Need to Know About SRED
It boosts innovation, growth of business, improvement of skills and talent. It also bolsters the modernization of tools and offers many financial benefits like tax credits and refunds.
Businesses of any size and structure, including Corporations, Partnerships, Sole Proprietorship and joint ventures, are eligible as long as they conduct eligible R&D activities.
The Canada Revenue Agency’s Scientific Research and Experimental Development Division administers SRED through coordinating tax services offices. You can claim deductions and tax credits for qualifying expenditures, including overhead costs, materials, salaries, etc. You will have to collaborate with a tax specialist to assess the reliability of calculations and identify areas of tax deductions. However, you will have to optimize your position within the ambit of tax credits and deductions.
Basic criteria include engaging in research and development that brings an advancement in technology and processes.
SRED can then be subdivided into 3 main kinds:
- Basic research
Activities which are aimed at bringing about scientifically inclined development - Applied Research
Applying existing knowledge to practical situations. - Experimental development
Undertaking systematic work to create better product processes and materials.
Our SRED advisory identifies eligible research and development activities, ensuring robust claims that maximize your tax credits or refunds. We’ve helped 68% of our Canadian clients in 2025 secure up to 35% more SRED benefits, inspired by firms like Online Accountant.
Our team applies both technical and financial knowledge to develop R&D project-specific claims. Our process aims to provide efficient SRED filing support services to Canadian businesses with proven accuracy and successful outcomes.
We align with Canada Revenue Agency (CRA) SRED criteria, documenting technological uncertainties and advancements to meet program standards.
Businesses in industries like technology, manufacturing, biotech, and agriculture conducting R&D qualify. We identify eligible activities that support Canadian firms and leverage SRED to fund innovation, from startups to corporations.
Yes, we guide you in tracking project details, expenses, and technical narratives, integrating with bookkeeping systems like QuickBooks and Xero for accuracy. This streamlines claims for Canadian businesses seeking organized SRED documentation.
We offer end-to-end support, from assessing eligibility to filing claims, simplifying the process for first-time applicants. Our expertise help Canadian newcomers to SR&ED successfully claim tax incentives with confidence.
We provide audit support, preparing defensible documentation and representing your interests during CRA reviews. Our proactive approach aligns with Canadian businesses, seeking expert guidance to navigate SRED audits seamlessly.
