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Any corporation with a permanent set-up in Alberta and engaged in SR&ED is qualified for the federal SR&ED tax credit. Before applying yourself, it is recommended to consult with the SR&ED experts for a successful claim. Contact us today at 587 200 4163 and get the best SRED solutions for your business. Visit the website https://canadiansred.ca/regional-offices/alberta-sred/
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Alberta SR&ED Tax Credit Consultants • The Alberta scientific research and experimental development tax credit is administered by the Alberta Ministry of Finance and Enterprise Contact us: 587-200-4163 / info@canadiansred.ca
About SR&ED The Scientific Research & Experimental Development (SR&ED) tax credit is a federal tax incentive program. The program aims to encourage businesses of all sizes from small to large to conduct research & development to create new or improve existing products and processes.
Are you SR&ED eligible? 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 for 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.
How much can you recover? • The eligible companies in Alberta are refundable at 10% on up to $4 million in eligible expenditure.
The deadline to claim the credit: 15 months after the corporation’s filing due date.
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. This rate also varies from province to province and also depends on the type of business. Benefits of SR&ED
Do you have any questions? Thanks! info@canadiansred.ca 587 200 4163 www.canadiansred.ca