Did you know that Industrial tax incentives in Canada have been in place since at least 1944?
The SR&ED program is intended to encourage businesses of all sizes, particularly small to medium and start-up firms, to conduct research and development (R&D) that will lead to new, improved, or technologically advanced products, processes, devices, and materials. The Canadian SR&ED tax incentive is the government’s largest single support program for R&D. Each year the SR&ED program provides over $4 billion in investment tax credits (ITCs) to over 18,000 claimants. Of these, about 75% are small businesses.
Don’t let your tax credits go to waste. Contact BeneFACT today for more information on how we can maximize your SR&ED claim.