SR&ED tax Credits

 

SR&ED tax credits are financial incentives provided by the Canadian government to encourage businesses to invest in research and development (R&D). These credits are designed to offset the costs associated with developing new products, improving processes, or advancing technology. Eligible activities include experimental development, applied research, and technological advancements. Companies can claim these credits for expenses like wages, materials, and overhead costs. The program is available to businesses of all sizes, and its goal is to stimulate innovation across various industries, from tech startups to manufacturing giants, driving long-term economic growth in Canada.

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