Uncovering SR&ED for the Chemicals and Oil & Gas Industries

It is a common belief that the SR&ED program is only intended to assist large, industry-leading businesses with dedicated R&D facilities. This misconception has led many smaller-scale Chemical and Oil & Gas companies to assume that they are ineligible for the program. In reality, regardless of their size, most organizations carry out a great deal of seemingly routine activities that are actually SR&ED eligible.

Innovative products and new processes are almost always born from scientific research and experimental development. Most frequently, developments are less radical and make only incremental improvements to existing products and services. These advancements are often neglected as SR&ED eligible and subsequently go unclaimed. Chemical and Oil & Gas organizations that are not able to identify these types of qualified activities are missing out on a large portion of deserved tax credits. At BeneFACT, we help eligible companies uncover, claim and maximize their SR&ED tax credits.

DOWNLOAD BROCHURE: SR&ED for Chemical Companies