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?
SR & ED
Hiring a contractor to work on your behalf on an R&D project is very common. Tax payers are willing to claim R&D Contract Expenditures so that they can take advantage of benefits through the R&D tax incentive program. SR&ED Contract Expenditure is usually performed in order to conduct basic research, applied research, experimental development, or support your project on your … [Read more...] about Facts About SR&ED Contract Expenditures
The SR&ED Tax Rebate (Scientific Research and Experimental Development) for oil and gas sectors in Canada is evident of the importance of this huge industry to the nation. The Canadian Federal Government wants producers and service providers to benefit from the SR&ED Tax Rebate. Unfortunately, many manufacturers and service providers in the oil and gas industry have been slow and reluctant … [Read more...] about SR&ED Tax Rebate for Oil and Gas Industries
If you are in the Pulp & Paper industry, then this article will provide you with the key guidance on claiming your SR&ED tax credit. Before we go into the details, we must make sure who is covered and who is not covered. Targeted Claimants for SR&ED Tax Credit If you are from the logging, forestry or wood products sectors, then this guidance article will not be relevant to you. Your … [Read more...] about Tax Credit for Pulp and Paper Companies
The emphasis on scientific development and experimental development, or simply SR&ED, in Canada can be seen in two levels. Not only the federal government in Canada promotes SR&ED, the provincial as well as the territorial government are also encouraging it. The federal SR&ED program and the provincial tax credit programs together form a solid platform to initiate R&D. These two … [Read more...] about SR&ED Tax Credits for Canadian Provinces