SR&ED tax Credits

 

The Scientific Research and Experimental Development (SR&ED) tax credits are a government incentive designed to support businesses conducting research and development (R&D) in Canada. These tax credits help companies offset costs related to experimental development, applied research, and process improvements. Eligible expenses include salaries, materials, and subcontractor fees. The program provides both refundable and non-refundable credits, making it a valuable tool for businesses of all sizes. Claiming SR&ED tax credits requires proper documentation and compliance with CRA regulations. Partnering with an experienced SR&ED consultant ensures businesses maximize their claims, reduce tax liabilities, and reinvest in further innovation.

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