Category: SR&ED and Eligibility
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Over 4 Billion Dollars in Tax Credits Available for Software and IT Companies
The SR&ED (Scientific Research & Experimental Development) Tax Credit Program can benefit software and IT companies. It’s a remarkable incentive program for business owners, and every year the Canadian government provides over $4 Billion dollars in tax credits to companies that make the effort to apply for it. The program reimburses companies for what is officially…
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Top Ten Reasons Canadian Businesses Don’t Apply for SR&ED
Why don’t more companies take advantage of SR&ED? Here are some of the top considerations Canadian business people have about applying for SR&ED tax credits: 1. “It’s too complicated and time consuming to be worth it.” Is a cash refund of $30,000 – $2,000,000 worth something to the yearly cashflow of your business? If you…
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You don’t need a PhD to apply for SR&ED Tax Credits
How to get substantial tax credits for your business without expending cash or wasting time. The SR&ED tax incentive program can give you cash-back tax credits for the research you’ve done, and you don’t need a PhD or a research lab to get them. Any taxpayer who runs a business in Canada and employs Canadians…