SR&ED
SR&ED means Scientific Research & Experimental Development. The Canadian Government’s SR&ED program provides investment tax credits to companies and individuals who conduct research and development. Paying out $4 billion annually to Canada’s innovators, the SR&ED program is the largest single source of federal government support for research and development.
- SR&ED tax credits can be claimed byall types of companies in an extensive range of Technical Disciplines.
- First time claimants can receive a recovery of up to 82% Research Costs over the past 2 ½ Years
- Often, Cash Payments from Canada Revenue Agency are received within 4 months of filing your claim.
Recover funds to:
- Continue the scientific and technological advances that keep your company competitive.
- Pay yourself or your staff more.
- Employ more, or better qualified, personnel
- Purchase more capital equipment
- Reduce your debt, financing and/or taxes payable
- Advance your company’s operational practises, both financially as well as
technically. - Improve your company’s financial forecasts through SR&ED strategic planning.