SR&ED Claim for MPCs and DPC’s
As an MPC (Medical Professional Corporation) or DPC ( Dental Professional Corporation) you could qualify for tax credits & refunds for your formal or informal medical research, whether the work is published or unpublished.
If you answer yes to any of the following questions you could be sitting on an untapped refund.
- Is your 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