It’s a myth that Oil & Gas & Mining companies are not eligible for SR&ED Tax credits. One of the major sources of cash flow in the tough economic environment for these industries are these R&D credits.

Companies in this sector can claim SR&ED tax incentives for projects to conduct a systematic investigation and advance the technology gap.

Who Qualifies for SR&ED?

Typical activities that are overlooked in this industry and might be eligible for SR&ED credits:

  •  Construction and operation of a field pilot plant
  • Remote monitoring and IT development issues
  •  Issues developing high pressure, or temperature, or volume systems
  • Issues with equipment wear and failures
  • Upgrading processing of large quantities of drilled sludge
  • Heavy oil/oil-sands processes
  •  New detection methods, equipment and software development for exploration.
  • Processing improvements: improving throughput, ore feed changes, energy reductions
  •  Greenhouse gas reduction projects
  •  Shale gas technologies issues
  •  Issues with Enhanced Oil Recovery (EOR) schemes
  •  Development of Coal Bed Methane (CBM) and ECBM (enhanced CBM) extraction systems

Please note that above is not an exhaustive list. Contact our experts to understand if your R&D activities may be eligible for SR&ED incentives.

It is important to note that activities such as prospecting, exploring or drilling for, or producing, minerals, petroleum, or natural gas is not eligible under the SR&ED program. However, there are several other tax credits available for these activities.

Our typical clients in the O&G, Mining & Chemical sector
are from the following sub-sectors:

  • Organic, In organic Chemical, Pesticides, Fertilizer & other Agro chemicals Manufacturers
  • Petrochemicals manufacturers and support industries
  • O&G, Mining & Support industries
  • Cosmetic compounds, paints, coatings, adhesives, cleaning compounds manufacturers
  • Resin and Synthetic Rubber Manufacturing
  • Ethyl Alcohol Manufacturers

At EVAMAX, we specialize in assisting our clients (in all the above-mentioned businesses) access these opportunities for Tax Incentives, Grants & Funds. For e.g., SR&ED Incentives (Scientific Research & Experimental Development) program offers up to 68% tax credits on eligible R&D costs.

Who qualifies for Government Grants?

Companies, at least 2 years in operation may qualify for several grant programs for innovation, capacity expansion, exports, hiring & training.

To schedule a no obligation consultation

Why Hire EVAMAX?

While, you are engaged in the quest for innovation in technology, our highly motivated team is positioned to maximize benefits for our clients through R&D Tax credits or Grants & Funding options.

Our approach – Our competitive edge:

  • Our Technical & Financial experts connect with the clients on a regular basis throughout the year proactively gathering relevant information to plan ahead for submissions.
  • Our advisory services extend beyond the submissions. For e.g. Customizing efficient tracking systems for seamless compliance for SR&ED program or Grants.
  • Keeping you posted with the CRA legislation and new grant & funding opportunities.
  • Our reputation with the CRA and the grant agencies is remarkable and an excellent validation of our successes.
  • Our work culture is dynamic & we believe in continuous learning at all levels of our organizations. Our well rounded and well-experienced professionals go an extra mile to ensure you are leaving no cash on the table.

For assistance in preparing your submission and to position your application for approval contact EVAMAX Group to help you with the process. You may also email us at or call 1-877-711-7733.