Attention to detail
Our attention to detail and commitment to providing you with the highest standards of service results in tax credit claims that are complete and well prepared.
Proven strategies
We implement effective tax planning strategies that maximize tax credits. In the event of a government audit, our experience, know-how and ongoing support are critical for a positive outcome.
Experienced consultants
All our technology and tax experts are bilingual and have many years of experience. The ongoing training and high retention rates for all our key experts ensures that you get the best tax credit advice on a continuous, ongoing basis.
Commitment
We are committed to providing our clients with high quality services. Our technology experts write the technical reports that are sent to the tax authorities and our tax experts prepare project cost reports that serve to justify the tax credit claims.
Optimization
Audit support
We provide all the services needed to maximize tax credits for small, medium and large companies, regardless of whether they are private, public, Canadian or foreign owned. Our methods have helped our clients receive significant tax benefits through their tax credit claims.
Over the years, we have successfully obtained tax credits for companies of all sizes that operate in a variety of different industries. Your RTC technology expert will review your work and write your project descriptions. The allocations of costs per project will be prepared by a professional accountant in accordance with the applicable tax laws and regulations.
1989
RTC Consulting was established by Mr. Peter Kustec in 1989.
Mr. Kustec started his career in Revenue Canada (now the Canada Revenue Agency) as a tax auditor in 1982, auditing tax returns for small- and medium-sized corporations. In 1987, he transferred to the SR&ED department where he reviewed SR&ED claims for all types of corporations. At the time, the SR&ED program was new and not well understood. He was the first person in the Montreal District Office to provide public seminars to better explain the tax criteria and benefits of the SR&ED program. As a Revenue Canada employee, he also helped the Société de Développement d’Industrie (today Investissement Québec) to structure and launch their refundable tax credit financing program.
Of the many important lessons learned while at CRA (formerly Revenue Canada), two stand out: Initially, since the SR&ED program was technology based, it became imperative that if we were to prepare project descriptions in a field of science or technology we had to hire people who had a solid background and experience in that field. Secondly, it was critical to prepare project costs so that they could easily and quickly be understood by CRA financial reviewers. These strengths are what have defined RTC Consulting over the years.
1990s
RTC Consulting prepared many SR&ED claims during the 1990s. RTC Consulting was one of the first R&D consultancies that submitted tax credit claims for Private Partnership Pre-Competitive Research. We sought technology partnerships that included both Quebec-based and international companies. While this program was financially beneficial for our Quebec-based claimants, it also caught the attention of many corporations outside of Quebec. The tax credit benefits we could obtain enticed some of these foreign-based partners to set up their R&D and manufacturing operations in Quebec.
2008
In 2008, the CRA introduced a version of the T661 that could be filed electronically. All SR&ED claimants had varying degrees of difficulty in transitioning from a free-form style to a 1400-word count when preparing project descriptions. To ensure we met these new requirements, RTC Consulting hired a key CRA technology advisor to develop the appropriate methodology for writing the shortened version of project descriptions and to provide training. This strategy has paid off, as many of the claims the CRA decided to review were accepted without the need for an on-site audit.
Today (2017)
The services offered by RTC Consulting cover the main Federal and Provincial tax credit programs, namely SR&ED, Private Partnership Pre-Competitive Research, Development of E-Business, and Production of Multimedia Titles.
RTC Consulting recognizes that the different tax credit programs require expertise in a variety of diverse specialties. Our team of technology experts will identify the work performed in your company that will qualify for the various programs. Our team of tax experts will identify the project costs that are specific to your technologies and industry. Our expertise covers a wide range of specialized technology fields, including aerospace, automotive, bio-chemistry chemistry, electronics, information technologies, pharmaceutical research, telecommunications, metallurgy, mechanical engineering, oenology, lasers, optics, high-speed machining, software development, and food and beverage, to name a few.
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| Provinces | Provincial credit rate1 | Provincial credit refund?1 | Federal credit rate | Federal credit refund? | Combined credit rate1 |
|---|---|---|---|---|---|
| ALBERTA | 10% | YES | 35% | YES | 64.3% |
| BRITISH COLOMBIA | 10% | YES | 35% | YES | 64.3% |
| MANITOBA | 10% | YES | 35% | YES | 64.3% |
| NEW BRUNSWICK | 15% | YES | 35% | YES | 69.4% |
| NEWFOUNDLAND & LABRADOR | 15% | YES | 35% | YES | 69.4% |
| NOVA SCOTIA | 15% | YES | 35% | YES | 69.4% |
| ONTARIO | 8%+4.5% | YES/NO | 35% | YES | 66.5% |
| PRINCE EDWARD ISLAND | N/A | N/A | 35% | YES | 54.3 |
| QUEBEC | 30% | YES | 35% | YES | 73.75% |
| SASKATCHEWAN | 10% | NO | 35% | YES | 64.3% |
| NUNAVUT | N/A | N/A | 35% | YES | 54.3% |
| NORTH WEST TERRITORIES | N/A | N/A | 35% | YES | 54.3% |
| YUKON | 15%/20% | YES | 35% | YES | 69.4%/74.4% |
1 Certain conditions may apply, causing the rate to vary. The tax credit rates are based on salary expenses and the use of the proxy method. For more information call us at : (514)633-6888 or via email at info@rtc-consultants.com.
| Provinces | Provincial credit rate1 | Provincial credit refund?1 | Federal credit rate | Federal credit refund? | Combined credit rate1 |
|---|---|---|---|---|---|
| ALBERTA | 10% | YES | 15% | NO | 36.4% |
| BRITISH COLUMBIA | 10% | NO | 15% | NO | 36.4% |
| MANITOBA | 10% | YES | 15% | NO | 36.4% |
| NEW BRUNSWICK | 15% | YES | 15% | NO | 43% |
| NEWFOUNDLAND & LABRADOR | 15% | YES | 15% | NO | 43% |
| NOVA SCOTIA | 15% | YES | 15% | NO | 43% |
| ONTARIO | 4.5% | NO | 15% | NO | 29% |
| PRINCE EDWARD ISLAND | N/A | N/A | 15% | NO | 23.3% |
| QUEBEC | 14% | YES | 15% | NO | 35.2% |
| SASKATCHEWAN | 10% | NO | 15% | NO | 36.4% |
| NUNAVUT | N/A | N/A | 15% | NO | 23.3% |
| NORTH WEST TERRITORIES | N/A | N/A | 15% | NO | 23.3% |
| YUKON | 15% | YES | 15% | NO | 43% |
1 Certain conditions could apply, causing the rate to vary. The tax credit rates are based on salary expenses and the use of the proxy method. For more information call us at : (514)633-6888 or via email at ; info@rtc-consultants.com.