| It’s Your Money | Canadian Law provides that the SR&ED program rebates a portion of your expenses on qualifying projects. When you’ve done the work, you are entitled to claim your grant with your tax return.
| | | | What’s The Formula? | | For most Canadian companies, there is a Federal rebate of 35%, plus add-ons that vary by Province. Typical combined rebates are: | - 68% of internal R&D labour,
- 41.5% of contractor costs and materials consumed,
- plus accelerated deduction of capital assets.
For large and/or public companies different rates and conditions apply.
You can call us for a detailed explanation.
| | | | Found Money | You may find that your process or product development work in the past 2 years can lead to a cash refund, and you didn’t know it. When this happens, we call it “found money” — some of the nicest money there is.
| | | | Give Yourself a Raise | | Founders and shareholders doing R&D work in growing companies are often paid minimally, to conserve precious capital. Using the SR&ED program, you can be paid in line with industry norms without draining the company of much needed cash. If this sounds interesting, call us to find out more. | |  |  | Maurice has done a great job on SR&ED claims for Annex's clients. I would recommend his services particularly to software product companies that are interested in determining if they qualify for a tax credit based on their investment in innovative technology.
Stacey Cernuik Owner,
Annex Consulting Group Inc. |  |  | | |
