SR & ED
The Scientific Research and Experimental Development (SR&ED) program is a federal tax incentive program to encourage Canadian businesses of all sizes and in all sectors to conduct research and development (R&D) in Canada that will lead to new, improved, or technologically advanced products or processes. The SR&ED program is the largest single source of federal government support for industrial research and development.
Claimants can apply for SR&ED investment tax credits for expenditures such as wages, materials, machinery, equipment, some overhead, and SR&ED contracts.
It should be noted that the Canada Revenue Agency (CRA) is responsible for administering the SR&ED program, while theDepartment of Finance is responsible for the legislation that governs it.
Source: SR&ED Website for more information.
Free Public Information Seminar
November 22, 2007, SFU Harbour Centre, Vancouver, BC – 0900 – 1300 hrs.
Call 1-866-317-0473 to register.