The Scientific Research & Experimental Development (SR&ED) tax credit is Canada’s most popular R&D funding program. In 2013, this program provided over $3.4B to over 22,000 companies. We’ve attempted to simplify this sometimes-complicated tax credit for you in the infographic below (and updated the content on October 14, 2014).
There is no need to wait any longer.
This morning the CRA published their updated SR&ED Service Standards from April 1, 2013 to March 31, 2014.
Originally posted on Techvibes Wednesday, April 16, 2014
Is your company conducting research or experimental development? If so—and you’re not already claiming the SR&ED tax credit—you’re leaving money on the table.
What have you heard about the Scientific Research & Experimental Development (or SR&ED) program? Have you confirmed that it is accurate and true?
We wanted to clarify 8 myths that we’ve heard and reveal the truth about Canada’s R&D tax credit program for those of you who have yet to claim.
SR&ED consultants and advisors aren’t your typical service providers. Throughout the SR&ED claiming process, they will review highly confidential and private information. They will get to know your company and many of its employees quite well. The best SR&ED consultants will be right beside you throughout the process, and especially in case of a review.
You don’t just want to pick the first consultant who approaches you. It is very important to take the time to ask relevant questions that will help determine if it is a right fit for your company. There are no right or wrong answers, but we recommend asking the following 7 questions: