Food and Beverage Industry Claim

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Stratos recently helped a client maximize their SR&ED claim and receive a total of $170,000 in benefits. Stratos recently worked with a food and beverage industry client who was successful in their SR&ED claim. The client had been working on a project to develop a new type of yogurt that was made with a unique blend of cultures and ingredients. The project involved extensive research and development, including testing out different combinations of cultures and ingredients to find the right mix that would produce the desired flavor and texture. The client was successful in their SR&ED claim as they were able to demonstrate that the project met the CRA’s criteria for SR&ED. Specifically, they were able to demonstrate that the project involved technological uncertainty and that they had dedicated resources and personnel to the project. Furthermore, they showed that they had kept detailed records of the research and development process and the results of the tests. By leveraging the expertise of Stratos, the client was able to maximize their SR&ED claim and secure a substantial refund from the CRA. This refund allowed the client to invest more resources into their research and development process and ultimately launch their new product.

The client had been struggling to understand and navigate the complex SR&ED application process and had not yet submitted a claim. Stratos worked with the client to understand their business and their SR&ED eligibility. They identified potential SR&ED activities and provided tailored advice and strategies to help the client maximize their claim. Stratos prepared and submitted the SR&ED application on the client’s behalf, and the client was successful in receiving $158,000 in cash and $12,000 in tax credits to off-set future provincial taxes payable. The client was extremely pleased with the results and was grateful for the assistance and expertise provided by Stratos. The client was extremely pleased with the results and was grateful for the assistance and expertise provided by Stratos. Stratos was able to provide tailored advice and strategies to help the client maximize their SR&ED claim and receive a total of $170,000 in benefits. The client now has a much better understanding of the SR&ED program and is confident in their ability to apply for future SR&ED claims.

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