Questions marked with an* are required
Welcome to our step-by-step wizard to help you check your eligibility for the R&D Tax Credit.
The Federal R&D Tax Credit laws apply to eligible R&D activities. Depending on your date of incorporation, initiation of qualified research and ability to collect contemporaneous documentation, you could be eligible for either a:
To be eligible for R&D activities, your qualified research must meet the Four-Part-Test.
Part 1 - Permitted Purpose
Can your project be described as one of the following?
1) A new product
2) An improved product
3) A new process
4) An improved process?
Have you planned out the project and worked out the time frame of completion?
Are your activities generating new knowledge?
Part 2 - Elimination of Uncertainty
Have you recorded the potential issues and recorded the potential level of failures?
Are you aiming to exceed statutory standards/spec requirements?
Did you identify information that is uncertain at the onset of the project or activity?
Part 3 - Process of Experimentation
Do you have a clear set of technical objectives?
Have you experienced any technical challenges during the past 12 months?
Does the activity involve developing, testing, analysing and reefing or discard one or more hypotheses?
Part 4 - Technological in Nature
Is your project based on engineering or science principles or 'know how'?
Do you have the rights to use the technology?