Myth: I don’t think we do SR&ED, so we must not qualify for the tax credit.

By: BeneFACT Marketing in SR&ED

March 9th, 2012

When it comes down to it, many companies don’t file for the SR&ED (Scientific Research & Experimental Development) tax program, because they’re not familiar with it or they believe they just don’t qualify. BeneFACT Consulting Group has found that many companies believe they don’t qualify because of their perception that they need to be performing strictly “Scientific Research” to qualify, in actuality most SR&ED claims are for small experimental developments in process, design, quality, durability, energy efficiency, etc. Quickly you can recognize that eligibility opens up to ultimately all industry vertical markets who perform these tasks on a day-to-day basis

To find out which of your activities qualify for the SR&ED program contact a BeneFACT consultant at www.benefact.ca