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Scientific
Research and Experimental Development (SR&ED) Tax Incentive Program Is
your company
-
creating new products -
developing new equipment -
developing new manufacturing processes -
introducing new materials -
modifying existing devices - improving existing processes?
Then, you may qualify to claim the SR&ED tax credit, and your
business may be eligible for hundreds of thousands of dollars in tax
refunds. What
is SR&ED and How it Works? The
Scientific Research and Experimental Development (SR&ED) program is
a federal tax incentive program to encourage Canadian businesses of all
sizes and in all sectors to conduct research and development (R&D)
in Canada that will lead to new, improved, or technologically advanced
products or processes. The provinces including Ontario offer similar
programs. Canadian-controlled
private corporation (CCPC) can earn an investment tax credit (ITC) of 20
to 35% of qualified expenditures for SR&ED carried out in Canada.
Provincial program adds another 10 to 20%. How
can we help you?
GS
Research & Consulting will: -
Identify your company’s activities eligible for SR&ED tax
credits. -
Identify all your SR&ED qualified costs. -
Prepare technical report. -
Prepare tax forms. -
Communicate
with Canada Revenue Agency and attend auditing meetings.
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