SR&ED
SR&ED (sometimes pronounced “Sred” or “Shred”) is an abbreviation of Scientific Research & Experimental Development. The Canadian Government’s SR&ED program provides investment tax credits to companies and individuals who conduct research and development. The SR&ED program pays out over $4 billion annually to Canada’s innovators. It is the largest single source of federal government support for Canadian companies conducting research and development.
- SR&ED tax credits can be claimed by all types of companies, in a wide range of technical disciplines.
- First time claimants can receive a recovery of up to 82% of their research costs over the past 21/2 years.
- Often, cash payments from Canada Revenue Agency are received within 4 months of filing your claim.
Recover Funds To:
- Continue the science and technology learning that keeps you at the knowledge forefront in your field.
- Pay you and your staff more.
- Employ more, better qualified, personnel.
- Reduce your taxes payable, debt, financing costs.
- Advance your company's operational practices, both financially and technically.
- Improve your company's financial forecasts through SR&ED strategic planning.