Maximize Innovation with SR&ED Tax Credits
For Canadian businesses investing in research and development, navigating funding options can be daunting. Many organizations fail to realize the government offers substantial financial incentives to promote technical advancement. SR&ED tax credits are among the most valuable programs available, rewarding companies for their experimental development and innovation efforts. Introduced by the Canada Revenue Agency (CRA), this initiative encourages both large and small businesses to invest in scientific and technological progress, regardless of industry. Companies involved in creating new products, improving existing systems, or resolving technical challenges may be eligible, even if their efforts don’t lead to commercial success. What Exactly Are SR&ED Tax Credits? The Scientific Research and Experimental Development (SR&ED) program is a federal tax incentive that provides refundable and non-refundable credits to businesses performing R&D activities in Canada. The ...