The SR&ED Tax Credit is a 15% to 35% ITC for a companies qualified SR&ED expenditures. This Tax Credit has an expiration date of 18 months from the end of your companies fiscal year end.
“Scientific Research and Experimental Development (SR&ED)” means systematic investigation or search that is carried out in a field of science or technology by means of experiment or analysis and that is:
but does not include work with respect to:
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