Skip to main content

News
Nov. 14, 2025
OMA
Ontario Medical Association

Ontario physicians have received millions in SR&ED tax benefits

Bond Consulting Group’s no-risk model and specialized support paths simplify your tax credit application process

Did you know Ontario physicians have received millions of dollars in federal tax credits for scientific research and experimental development, and you may qualify too?

Since we began promoting our partnership with Bond Consulting Group earlier this year, our members have been refunded millions of dollars in SR&ED tax credits. Bond, a Toronto-based independent firm that specializes in SR&ED tax consulting, has helped physicians collect big tax savings, with a 100 per cent success rate in the medical sector. Its model is no-risk: If you don’t get a refund, you pay nothing.  

You may qualify for a refund 

SR&ED is a Canadian tax credit program that rewards companies performing research and development in Canada — one of the most generous R&D programs in the world.  

It’s a common misconception that only those working in manufacturing or high-tech industries qualify. In fact, many physicians don’t realize they may be eligible for SR&ED benefits. 

If you’re incorporated and can demonstrate you’ve achieved an advancement of knowledge in the fields of science or medicine, you may want to consider participating.

If you’re looking to become an MPC, we offer an incorporation service through our legal affairs team.

Why this matters  

The federal SR&ED program, administered by the Canada Revenue Agency, isn’t a grant — if you qualify, you’re entitled to this money under the Income Tax Act. 

As an OMA member, you’re eligible for professional service fee discounts of $250 to $750 for your first three transactions with Bond.

The Bond Consulting team includes medical scientists and specialists; the firm is recognized for its robust and professional methodology that leads to the best SR&ED results for clients. 

How to take advantage

Our partnership with Bond entitles you to services like a preliminary eligibility assessment, offered at no cost or obligation for OMA members. Bond’s fees are contingent on the success of your claim, so there’s no upfront fee to have them prepare an application.  

As part of the process, you’ll receive educational resources, such as brochures, FAQ sheets and testimonials. 

We also regularly host SR&ED awareness webinars with Bond, where a national expert will explain the submission process, SR&ED application deadlines, how they can help you apply and more. There is also an opportunity to ask questions.

You’re entitled to a no-cost, no-obligation SR&ED preliminary eligibility assessment as part of our partnership with Bond.

What is the OMA Discounts program?

The OMA Discounts program provides a range of discounts and services that enhance your professional and personal life.

At your fingertips are savings on travel, hotels, gym memberships, auto, medical supplies and more — offers that aren’t available to the public. As an OMA member, you also have access to resources that can improve your income potential, reduce your costs and improve your clinical workflows. 

Check out the other business benefits we offer you through the OMA Discounts program:

  • PatientSERV A convenient, simple and customizable solution to manage billing and collecting for uninsured services
  • Dragon Medical Dictate patient notes, navigate patient records and manage your workflow seamlessly with this revolutionary voice recognition software designed specifically for medical professionals
  • CPS An essential Canadian clinical support resource that delivers critical drug and therapeutic information
  • OMA Practice Support Directory Our online directory connects you and your staff with practice-related services and support providers in Ontario who have previously worked with physicians
  • UpToDate An evidence-based, physician-authored resource trusted for reliable clinical answers and practical recommendations for patient care
  • Amex Take advantage of our special negotiated savings with specific American Express cards
  • Moneris North America’s leading debit and credit card payments processor for businesses of any size
  • Medline Canada Medical supplies and solutions to support patient care across Canada
  • Surgo Surgical Supply Medical supplies, equipment and apparel, as well as printing and office supplies