SR&ED Refunds for Medical Doctors

SR&ED (Scientific Research & Experimental Development) is a government program that rewards companies that perform R&D in Canada. The SR&ED tax credit program makes Canada a more economically competitive and technologically advanced nation and it has been in existence since the 80’s. The Canadian incentive program is one of the most generous R&D programs in the world.

The SR&ED program is not a grant, but strangely enough, does actually behave like a grant. Traditional grants are pre-approved before work commences. SR&ED refunds for medical research are retroactive and approved after the fiscal year-end of the corporation.

As an MPC (Medical Professional Corporation) you could qualify for tax credits & refunds for your formal or informal medical research, whether the work is published or unpublished.

SR&ED Claim for MPCs

If you answer yes to any of the following questions you could be sitting on an untapped refund.

• Is your medical practice incorporated? Do you have a BN?
• Do you practice in a field of medical specialty?
• Have you ever or would you like to define hypotheses and study clinical data in your field of medicine?
• Has your work resulted in an advancement in knowledge in a field of medicine?
• Have you ever published in medical journals?

SR&ED Eligibility for Medical Doctors

There are only three criteria for eligibility plus evidence:

• Scientific or medical uncertainty
• Scientific or medical advancement
• Systematic investigation
  • Plus Technical content

Approved SR&ED Claims for Medical Doctors