The SR&ED Tax Incentive Program is the largest Government of Canada program supporting research and development in Canada, providing more than $3.7billion in tax credits to over 17,000 businesses annually.
For your work to be eligible for SR&ED tax incentives, it must be conducted in Canada and meet both of the following requirements:
• The work must be conducted for the advancement of scientific knowledge or for the purpose of achieving a technological advancement
• The work must be a systematic investigation or search that is carried out in a field of science or technology by means of experiment or analysis
Depending on the size and type of business, SR&ED tax incentives are:
• a deduction against income
• an investment tax credit (ITC) that can be refundable or non-refundable
Join us for this webinar and learn how you can leverage the SR&ED program for your venture.