R&D should not only be associated to universities, pharmaceutical or advanced technology industries. Our
governments’ definition of R&D is far wider. In fact, all Canadian companies can benefit from the SR&ED program as long as they develop or improve their products or processes.
 To remain competitive in your industry, you must innovate by
developing new products or by improving existing products. You can also improve your work processes to increase quality and performance. And, if the initiative does not originate from you, it may come from clients, your industry, or new standards and laws. If you are scratching your head to solve technical problems, most likely, you are performing what the Canada Revenue Agency (CRA) calls Experimental Development. Note that even if you have already executed such activities, you may claim the tax credits immediately and get some money back.
 The SR&ED program is quite generous. For example, for a
small company (that meets certain criteria), a federal tax credit can reach 57% of the salaries related to R&D. Depending on the province in which you have performed your activities, that percentage may increase. These are not grants, but tax credits that can be, depending on your business situation, refundable.
 


You want a clear answer to evaluate your R&D tax credits potential? We can help you determine if your activities and expenses are eligible.

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