Did you know that the Canadian Government provides over $7B in innovation funding each year and is considered one of the most generous countries for funding research, innovation, and experimentation? On November 18 we partnered with the Calgary Economic Development to discuss three of those generous innovation funding programs for growth-oriented companies in Calgary.
On October 23, we hosted a Lunch & Learn at Spring for growth-oriented companies. We partnered with Stephanie Sang, from Granted Consulting, as well as Paul Austin from Sustainable Development Technology Canada (SDTC) to provide the following information.
The Scientific Research & Experimental Development (SR&ED) tax credit is Canada’s most popular R&D funding program. Last year, this program provided $3.4B to 22,000 companies. We know that this program can seem complicated for first-time claimers so we attempted to simplify it into an easy-to-read infographic.
If you have any questions, get in touch with us! We are more than happy to explain the program in more detail for your unique needs.
How does the Canada Revenue Agency (CRA) determine whether or not your project meets the Scientific Research & Experimental Development (SR&ED) specifications?