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Our History
SR&ED
Program
We have an 20 year history with the Federal SR&ED
program - since our incorporation in 1985. For a genealogy of
SR&ED please visit: SR&ED Origins
WWW.SRED.INFO
As a division of Geofuel Research Inc. since 2002, this
web site
represents our collective experience as a technology-driven
company and early SR&ED claimant as well as Dr. Dieter Birk's
expertise on Canada's SR&ED Investment Tax Credit Program.
SRED.INFO represents
web marketing for professional services in close cooperation with
our associates in the accounting profession.
Geofuel Research Inc.
Geofuel Research Inc. was founded in 1985 by Dieter Birk (Nova
Scotia) and Patrick Fung (Calgary) to provide consulting services in geoscience and engineering
to Canada's fossil fuel and mining industries. A contract
research laboratory was established in Nova Scotia in cooperation
with the Atlantic Coal Institute to service the requirements of the
new offshore oil developments of Hibernia and the struggling coal
industry. It was a unique "Centre
for Advanced Technology" that produced numerous scientific
papers, feasibility studies and technological advancements. We also led the
east coast introduction of computer
software for geoscientists, being distributors for TechBase (MINEsoft
Ltd.), BasinMod (Platte River Associates, Inc.) and CPS/PC (Radian
Corp.). The client base was Mari
usque ad Mare (from sea to sea) including mining companies in
Vancouver and Halifax; petroleum firms in Calgary; scientists in
Ottawa and metallurgists at Sydney Steel. The cyclic economics
of the resource industry caused the company to relocate to
Ontario in 1990.
Our motto was "Discover a Canadian
Technology Resource" so we set out in 1990 to explore the
potential of on-line computing through BBS and subsequently the
Internet. GeoFuel GeoScience BBS became the only Canadian node on a
North America wide BBS network (GeoInfoNet) and achieved recognition
as one of the "gold-mines of on-line earth science resources"
(Bill Thoen, 1994, GISWorld). Competition from government agencies
and the "dot.com" speculative bubble made further on-line
participation too risky. Activities were curtailed while our
founder spent some years inside the bureaucracy of Canada's largest
source of industrial R&D funding: the SR&ED Tax Credit program.
Media
References:
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East Coast Offshore, Vol.5, No.4,
Oct. 1985, p.22-23.
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CIM Bulletin, Vol.80,
No.901,May 1987, p.54-57.
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GIS World, Fort Collins, CO, Feb. 1994, p.46.
 
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SR&ED History
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For a history of the SR&ED incentive
program see: SR&ED Origins.
We became aware of the SR&ED program in
1985 and attempted to access it for R&D funding. Our
external accountants were a national firm but the accountant
assigned had no expertise
in SR&ED. Revenue Canada was wary of claims after the auditing chaos created by the
predecessor SRTC program. We never got our tax credits until
it was too late. Had we had access in Nova Scotia to expert
tax advice, we could have saved 12 local jobs and a new
technology lab. We learned about SR&ED tax credits the hard way.
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© 2003, Geofuel
Research Inc.
