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: This article which explores how healthcare start-ups can benefit from the Canadian Scientific Research and Experimental Development (SR&ED) program. This tax incentive is designed to encourage research and development (R&D) initiatives across...
Businesses performing R&D efforts domestically in Canada are encouraged to do so by the Scientific Research and Experimental Development (SR&ED) program. Through this scheme, firms can obtain tax credits for legitimate expenses associated with R&D...
T4 LABOUR EXPENSES The wages and salaries given to workers who are directly engaged in completing R&D work that qualifies for the SR&ED program are included in T4 labour expenses. T4 labour expenses comprise salary, wages, and other compensation paid to these...
Yes, a claim for Scientific Research and Experimental Development (SR&ED) may be retroactively examined by the tax authorities. In Canada, this is often done by the Canada Revenue Agency (CRA). For instance, the CRA can choose to audit or examine a company's...
In Canada, the Program for Scientific Research and Experimental Development (SR&ED) covers a wide range of industries, including the pharmaceutical industry. Pharmaceutical businesses may be eligible for SR&ED tax credits if they engage in qualified research...
The Scientific Research and Experimental Development (SR&ED) program applies to enterprises engaged in creating, enhancing, and innovating manufacturing processes and technology in Canada's manufacturing sector. If manufacturers engage in eligible research and...
Startup businesses can participate in Canada's Scientific Research and Experimental Development (SR&ED) program as well. As it offers financial incentives to promote innovation and R&D activities, which are frequently crucial for the growth and success of...
INTRODUCTION: Innovation is the key to success for organizations of all sizes in today's environment of rapid evolution. The Alberta government established the Alberta Innovation Employment Grant (IEG) in recognition of the critical role that research and development...
When claiming the SR&ED (Scientific Research and Experimental Development) tax credit, intellectual property (IP) might be quite important. Even though it is not a strict requirement, owning intellectual property (IP) helps support your claim and raises the...