R&D and innovation are key to growth, both for Canada’s economy and for our individual businesses. Investing in development carries risk in that the costs are immediate, yet the potential returns are delayed. The dilemma is that when growth is most sorely needed, funding for development can be difficult to find. Fortunately, even during the […]
The Canadian government is providing significant funding to manufacturers through the SR&ED Program. As Canada’s largest Business Incentive program, it distributes over $4 Billion per year in tax credits and cash refunds to companies performing work in Canada. Manufacturers who do any work to improve their product design, workflow, infrastructure, environmental impact, or IT systems […]
Please visit our new SR&ED refund estimate calculator! With this tool, you can get an idea of the size of the SR&ED refund which is waiting for you to claim. Don’t forget that you can retroactively file for last year and receive double your refund. The deadline for last year is approaching though, make sure […]
Technology companies across Canada regularly perform work which qualifies for funding from the $4 Billion per year SR&ED program. Bleeding edge technological advancement is not required. Much of what your company might consider ‘routine development’ is actually eligible. While SR&ED eligibility is not limited to the information technology sector (development in other sectors, such as GreenTech, […]
Even if you owe no taxes, with the SR&ED Program, you can cut your development expenses by 30-50%. Of the costs related to eligible work, a Canadian Controlled Private Corporation can expect to receive an annual refund cheque amounting to the sum of: Nearly 70% of salaries Over 40% of contractor fees Over 20% of […]
