In Canada, government funds are awarded to small- and medium-sized enterprises (SMEs) to help them enhance their research and development capabilities. Two such programs include IRAP (Industrial Research Assistance Program) and SR&ED (Scientific Research and Experimental Development). Both provide funding to SMEs striving for excellence in business innovation and growth. IRAP -Industrial … [Read more...] about How to Recover 93% of Your R&D Expenses?
Canada Revenue SR&ED
Research and Experimental Development (SR&ED) Tax Refund program provides incentive funds from over $3.6 billions to thousands of Canadian companies every year to encourage innovative and technological development in country. These incentives are either in the form of Tax Refund or/and Investment Tax Credits(ITC). Although small business reap 75% of SR&ED program fundings, but it requires … [Read more...] about How to Maximize SR&ED Tax Refund