More than $3 billion in tax incentives to over 20,000 businesses in Canada, of which 75% are small businesses are funded through the SR&ED program.
Business Plan Experts has been helping Canadian Businesses get approved for SR&ED for the last 15 years with a 100% approval rate on all pre-qualified clients.
If your company is conducting R&D in Canada, you may be eligible to receive significant tax refunds from the Canada Revenue Agency (CRA) on all SR&ED eligible expenditures, including salaries, subcontractor fees and consumables.
What is SR&ED eligible?
SR&ED work falls into one of these three categories:
Basic research: This is work carried out to advance scientific knowledge without a practical application in view. It is usually done in universities or research institutes.
Applied research: This is also work carried out to advance scientific knowledge but, unlike basic research, it is done with a specific practical application in view.
Experimental development: This work is carried out to achieve technological advancement. It is also by far the most common type of SR&ED work.
Business Plan Experts will likewise set up the entirety of the documentation and structures, alleviating the time pressures on your interior assets, and permitting you to concentrate on your business. Our SRED grant Canada service includes SRED documentation review and implementation.