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You could recoup up to 64% of eligible employee costs, up to 42% of material costs and up to 33% of sub-contractor costs.

Home / SR&ED Blog / Eligibility / CLAIMING EQUIPMENT COSTS IN SR&ED: YOUR GUIDE TO MAXIMIZING TAX BENEFITS

CLAIMING EQUIPMENT COSTS IN SR&ED: YOUR GUIDE TO MAXIMIZING TAX BENEFITS

Wondering if your equipment expenses qualify for SR&ED tax incentives in Canada? The answer is yes! Businesses can claim the costs of eligible equipment used directly in their R&D activities. Here’s how to ensure your equipment-related expenses work in your favor:

  • Eligible Equipment: Ensure the equipment is directly used in experimental development, applied research, or basic research activities targeting technological advancements or uncertainties.
  • Documentation Matters: Maintain detailed records, including invoices and receipts, showcasing how the equipment contributes to your SR&ED initiatives. Comprehensive documentation strengthens your claim.
  • Expert Consultation: Partner with SR&ED experts who understand the program intricacies. Their guidance ensures your equipment-related claims comply with the program guidelines, maximizing your tax benefits.
  • Claim with Confidence: With accurate documentation and expert support, you can confidently include equipment costs in your SR&ED claim, optimizing your tax incentives effectively.

Ready to transform your equipment investments into significant tax advantages? Contact us today for expert assistance. Let’s maximize your SR&ED benefits!

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