SR&ED

We can also help you take advantage of the many tax incentives available to Canadian businesses, such as the SR&ED (Scientific Research & Experimental Development)

Research and development are essential to fuelling Canada's diverse industries. Canada has many federal programs aimed at nurturing innovation and improving environmental best practices. This means there are numerous opportunities for your business to reduce its tax burdens and increase its revenue. Just ask yourself the following questions:

• Is your business developing or improving a product?
• Are you improving a process or manufacturing technique?
• Is your operation changing its processes to become more environmentally friendly?
• Is your business development new software?

The Scientific Research & Experimental Development tax credit program Money spent in research and development can qualify for a 35% income tax credit for investments up to $3 million. Any research expenditures above this amount may qualify for a 20% income tax credit.