You might be surprised by what is eligible for SR&ED tax incentives. Innovation incentives are not just for people who wear lab coats anymore. Activities that qualify as tax incentivized research and development are being carried out in almost every industry, including manufacturing, construction, architecture, engineering, research & development, transportation, agriculture, food and beverage, hospitality, IT, HR, and many others are often eligible for thousands of dollars of tax incentives that they don’t even know they qualify for.
Your project must meet two main criteria to be eligible for SR&ED:
- Seeking to advance scientific or technological knowledge (known as the advancement)
- In doing so, you must be overcoming some scientific or technological uncertainties
The tax laws around this form of incentive are complicated, and the criteria for eligibility can be ambiguous. To get the best tax incentive return, you need to have an expert on your side. That’s where we come in.
We only need a few details from you to get the process started. Once our experts begin their work, your involvement is kept to a minimum, which enables you to keep your focus on running your business.
What are SR&ED Tax Credits?
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SR&ED Tax Credit FAQ’s