Scientific Research and Experimental Development (SR&ED) Program Tax Credit:
The Scientific Research and Experimental Development (SR&ED) program is one of Canada s most recognized tax incentives. Contrary to popular belief, you don t need to engage in groundbreaking R&D to qualify. Many SR&ED tax credits are linked to incremental advancements in science or technology. If your work involves scientific or technological advancement, the development of technical content, and addresses scientific or technological uncertainty, you could be eligible. For qualifying projects, the federal government offers refundable tax credits ranging from 15% to 35% of eligible costs, such as salaries, contractor fees, and materials (note: capital expenditures are no longer eligible). As of January 1, 2014, at least 90% of eligible costs must be incurred in Canada to meet the program's requirements. We provide comprehensive support for SR&ED tax incentive claims, including claim preparation, compliance, and assistance with reviews to ensure your submission meets all requirements.
What is SR&ED?:
SR&ED is a government tax incentive program to support and motivate Canadian companies that conduct R&D in Canada. Some of the indicators of an eligible SR&ED project include: