SR&ED Tax Credits: Innovation in Construction and Engineering
Construction and engineering firms face increasing challenges due to aging infrastructure, skilled labour shortages, evolving regulatory requirements, and stricter environmental and sustainability standards. To remain competitive and profitable, organizations in these sectors must continuously innovate by enhancing technical expertise, developing new construction methods, and improving operational efficiency through research and development (R&D).
If your company has invested in R&D initiatives to advance construction techniques, engineering designs, equipment performance, safety systems, materials optimization, or productivity improvements, you may be eligible for significant Scientific Research and Experimental Development (SR&ED) tax credits. Many R&D activities routinely undertaken in the construction and engineering industry qualify under the SR&ED program, yet are often overlooked.
SR&ED Eligibility: From Advanced Methods to Site Complexity
Common qualifying SR&ED activities include:
- Specialized and innovative construction methods.
- Developing or improving construction methods and processes.
- Adapting engineering designs to complex or site-specific conditions.
- Enhancing materials performance, durability, or sustainability.
- Implementing innovative technologies or specialized construction techniques.
Specialized Consulting for Civil and Industrial Engineering
Pro Gestion helps recover substantial SR&ED tax credit refunds for companies involved in:
- Residential, commercial, industrial, and institutional construction.
- Civil engineering projects, including roads, bridges, tunnels, and viaducts.
- Specialized, innovative, and technically complex construction projects.
Strategic Planning: SR&ED as a Competitive Advantage
Accurately estimating your SR&ED tax credit entitlement in advance can provide a significant strategic advantage. Integrating SR&ED incentives into project planning enables construction and engineering firms to strengthen bid pricing, improve cash flow, and submit more competitive proposals while reducing financial risk.
Strategic SR&ED Assessment for the Construction Sector
Pro Gestion’s experienced SR&ED consultants specialize in supporting construction and engineering companies. We invite you to Contact Us for a free, no-obligation assessment to determine the SR&ED tax credits your organization may be entitled to claim.
Optimize your SR&ED tax credits today
Call Us: (877) 433-7183 ext. 223 (Toll-free across Canada)
Email Us: info@pro-gestion.com