Your costs may be eligible for reimbursement – We can show you how.
You could recoup up to 64% of eligible employee costs, up to 42% of material costs and up to 33% of sub-contractor costs.
Introduction: For Canadian businesses engaged in Scientific Research and Experimental Development (SR&ED) activities, meeting specific criteria outlined by the Canada Revenue Agency (CRA) is essential to qualify for tax incentives. In the realm of AI development,...
In the dynamic world of Research and Development, companies often find themselves juggling multiple projects, each contributing to technological advancements. However, when it comes to claiming SR&ED tax credits, precision is key. The Canada Revenue Agency (CRA)...
In scientific research and experimental development (SR&ED) tax incentives, it's crucial to comprehend the Canada Revenue Agency's (CRA) policy outlined in the SR&ED During Production Runs Policy. This policy acts as a beacon, guiding businesses on which costs...
Introduction: Understanding the importance of contemporaneous documentation in the Scientific Research & Experimental Development (SR&ED) process is crucial for maximizing your tax credit claims. The Canada Revenue Agency (CRA) emphasizes the significance of...
A SIMPLIFIED GUIDE Arm's length contract expenditures for Scientific Research and Experimental Development (SR&ED) in Canada involve expenses paid to unrelated parties, like third-party contractors or consultants. These expenditures are easier to claim compared to...
Non-arm's length expenditures for Scientific Research and Experimental Development (SR&ED) refer to expenses made to related parties like parent companies, subsidiaries, or affiliates. To qualify for the SR&ED tax credit in Canada, these expenditures must be...
The maximum SR&ED refund for the provincial level varies by province. There are two provinces with a maximum refundable SR&ED tax credit: British Columbia: CAD $300,000 Newfoundland and Labrador: CAD $188,348 All other provinces and territories offer...
Introduction: To qualify for SR&ED tax credits in Canada, businesses must adhere to specific legal requirements. Understanding and meeting these criteria is crucial for successful application and compliance. This article outlines the essential legal aspects of...
The Scientific Research and Experimental Development (SR&ED) Tax Incentives Program in Canada fuels innovation and economic growth for businesses engaged in specific research and development (R&D) activities. By leveraging SR&ED, companies can enjoy...