
Canada is home to more than 700 aerospace companies employing over 85,000 skilled professionals. The aerospace industry contributed $12.6 billion to the Canadian Gross Domestic Product (GDP) in 2017. The industry exports about 75 percent of its output to customers worldwide. It is also a top R&D stakeholder among all Canadian manufacturing industries, with investments totalling $1.7 billion in 2017. [1]
Examples of Eligible R&D activities :
Expenditures can include wages, third party contractor cost, materials, machinery, equipment, and overheads.
Braithwaite Technology Consultants Inc. 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.
For a detailed evaluation of the Aviation/Aerospace industry, please contact the professionals at Braithwaite.
[1] Source: Aerospace and Defence in Canada
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