SR&ED tax Credits

 

SR&ED Tax Credits are a Canadian government incentive program designed to encourage businesses to invest in research and development (R&D). The program offers significant financial benefits, allowing businesses to claim tax credits on eligible R&D activities, including wages, materials, and overhead costs. These credits can help reduce the cost of innovation and provide businesses with the resources they need to further develop new technologies or products. By taking advantage of SR&ED tax credits, companies can enhance their R&D capabilities, improve cash flow, and stay competitive in today’s rapidly evolving market.

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