SR&ED Tax Credits Reduce Research Investment Costs

Innovation is the driving force behind the success of many businesses. The federal government and many of the provincial governments provide tax incentives to encourage individuals and companies to conduct research and development that will lead to new, improved, or technologically advanced products or processes. The Scientific Research and Experimental Development (SR&ED) program is the largest single source of federal government support for industrial research and development.

SR&ED incentives take the form of tax credits, and accelerated or additional tax deductions for expenditures made on research and development. Canadian businesses of all sizes, in all sectors are eligible to receive SR&ED tax credits. The incentives range from 20% of the expenditure, to almost 50% in favorable circumstances. SR&ED expenditures can include wages, materials, machinery, equipment, overheads, and SR&ED contracts.

Braithwaite can assist you in obtaining tax credits for research and development activities. Whether your work involves basic research, applied research, or experimental development, Braithwaite can take the uncertainty out of the filing process and get you the credit you deserve for your innovation, without significantly burdening your personnel.

For further details about Braithwaite and the SR&ED please download this pdf.

Industry Specific