Uncovering SR&ED for Food & Beverage Manufacturers

Canadian companies in the food and beverage industry face regular product reformulations, process adjustments and equipment changes. Enhancements are also driven by the need for increased efficiency, prolonged product shelf-life or improved productivity. To complicate matters further, compliance with Health Canada, the FDA, or HACCP regulations can be costly and filled with technical uncertainty.

A significant portion of the costs associated with these activities qualify for tax credits or cash refunds under the Scientific Research & Experimental Development (SR&ED) program. However, food & beverage manufacturers face several misconceptions about SR&ED eligible expenditures. Many organizations have been discouraged from participating or simply fail to claim a significant portion of qualified work. At BeneFACT, we help eligible food and beverage companies uncover, claim and maximize their SR&ED tax credits.

DOWNLOAD BROCHURE: SR&ED for Food & Beverage Companies