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Canadian SR&ED Tax Credits Program – Canadian SR&ED Solutions

The SR&ED tax credit program provides tax incentives to the businesses performing eligible R&D work in Canada. This program aims to increase the country's economic growth and provide jobs to the local citizens. For more information, call at 587 200 4163 or visit the source https://canadiansred.ca/sred-claims-credits/

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Canadian SR&ED Tax Credits Program – Canadian SR&ED Solutions

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  1. Venus SR&ED Tax Credits

  2. What is SR&ED? SR&ED is a Canadian federal tax incentive program run by the Canada Revenue Agency (CRA). It funds businesses who engage in science and technology research and development (R&D). 

  3. The purpose of SR&ED The Canadian SR&ED program roughly provides $3billion-$4billion annually to firms, individuals and corporations operating in Canada.

  4. “The main aim is to encourage businesses to participate in R&D and improve or develop new technology, products and processes..”

  5. Benefits of SR&ED By filing an SR&ED claim, you can get a refund of up to 35%+ of eligible expenses provided they do not exceed $300,000, and up to 15%-20% if expenditure is more than $300,000. 

  6. What qualifies as SR&ED? For any work to qualify as SR&ED, it has to be basic or applied research, or experimental development. Basic research: work taken on for the progression of scientific knowledge with no particular reason. Applied research: work taken on for the progression of scientific knowledge with a specific purpose. Experimental development: work taken on to attain technological advancement by improving an existing or introducing a new product, procedure, system, or practice.

  7. A firm can claim many of its expenses incurred under the SR&ED program. In fact, Canadian SR&ED Solutions help you in maximizing the SR&ED claim by including as many expenses as possible. 

  8. info@canadiansred.ca 587-200-4163 www.canadiansred.ca Thanks! Do you have any questions?

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