Scientific Research & Experimental Development (SR&ED) is Canada’s largest single source of federal government support for industrial R&D in Canada. Each year over $3 billion in tax credits and cash refunds are administered to over 20,000 taxpayers – the average claim size is around $150k. This program is geared towards small and medium sized Canadian companies however many either haven’t heard of the program or do not think that the work they do is eligible.
If you are not currently filing SR&ED claims ask yourself…
• Developing SOMETHING new or making incremental improvements (materials, devices, products or processes)?
• Improving functionality, quality, cost, cycle times, scrap rates etc of SOMETHING?
• Better at SOMETHING today than you were in the past? The SOMETHING may be eligible for SR&ED credits!
This presentation will explain the eligibility requirements of the SR&ED program, explain the financial drivers and incentives available, and provide a broad range of eligible project examples, focusing on projects typically claimed for companies involved in manufacturing. The goal of the presentation is to highlight that most engineering companies that are involved in developing, improving or manufacturing SOMETHING may be eligible, and to explain how easy it is to apply for the claim.