Scientific Research & Experimental Development (SR&ED) Services
The Canadian government encourages innovation with some very generous incentives for business owners. Yet it is estimated that less than 15% of the businesses that qualify apply for these benefits. Furthermore, many businesses don’t realize that their current Research and Development (R&D) expenses may be eligible for a 35% refund from the Canada Revenue Agency (CRA). Is your business one of the many missing out on significant tax refunds?
There are a number of government programs available for Canadian businesses. One of the most significant is the Scientific Research and Experimental Development (SR&ED) Investment Tax Credit Program – a program that encourages Canadian businesses of all sizes and in all sectors to conduct R&D that leads to new or improved products or processes.
With over $4 billion a year in funding, the SR&ED program is the largest single source of federal government funding for industrial research and development. To take full advantage of these funding opportunities and the multitude of available provincial incentives, it’s important that you work with industry-leading professionals who have the knowledge and experience to help you get the most from the program.
To find out what MNP can do for you, contact your local tax advisor or Ryan P. Mackiewich, CA, SR&ED Practice Leader at 1.877.475.5678