Scientific Research & Experimental Development (SR&ED)We work with a number of clients in benefiting from the Canadian Scientific Research & Experimental Development (SR&ED) program. This program offers generous incentives to help companies and organizations to create innovation in the marketplace.
We take the time to ask the right questions, understand your business in detail and support you through the process to take advantage of these tax incentives. These incentives can play a huge role in helping you raise Funds to help you develop or improve products or processes. These incentives can apply to existing process or planned future product evolutions or improvements.
We work with you to determine your eligibility for investment tax credits (ITCs) which can reach up to 35% of eligible expenses federally; they may reduce tax payable or may be fully refundable in cash. A full tax deduction in the year the expenditures are incurred may even apply to R&D capital assets, purchased before 2014, that are not just for regular commercial use. The ability to “pool” SR&ED expenditures, enables you to indefinitely carry forward these deductions and most provinces offer additional incentives.