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Understanding SR&ED Tax Credits - Canadian SR&ED Solutions

Canadian SR&ED Solutions is a team of Canada's leaders in SR&ED tax credits claim preparation and filings with the Canada Revenue Agency (CRA). Our SRED experts will help you find more tax credits & get bigger refunds. Our diverse team of experienced and qualified SR&ED experts will complete, submit & support your claim with fully secure audit documentation. Get a FREE expert review today at 1 587 200 4163. If you want to know more about our services, visit here https://canadiansred.ca/

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Understanding SR&ED Tax Credits - Canadian SR&ED Solutions

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  1. Understanding SR&ED Tax Credits SR&ED Claim Preparation & Filing

  2. Scientific Research and Experimental Development Scientific Research and Experimental Development (SR&ED) Tax Credits are often ignored and misunderstood by many small and mid-size businesses. Many businesses continue to miss out on a very valuable inflow of cash refunds year after year.

  3. The Research and Development Tax Credit is not only for those who have on-site laboratories to claim such credits. Many business owners from every industry are clueless that the research and development tax credit exists to reward day-to-day endeavors strived at producing and improving their products and services.

  4. Permissible Objective: For any work to qualify as SR&ED, it includes each of the four different parts: The purpose of the activity or project must be to create new or improve existing products and processes.

  5. Eliminate Uncertainty The claimant must intend to find information that would eliminate uncertainty regarding the development or improvement of the business product and processes.

  6. Process of Experiment: The claimant must undergo a systematic process designed to evaluate one or more options to achieve a result.

  7. Technological in Nature: The process of experimentation must fundamentally depend on principles of the physical or biological sciences, engineering, or computer science.

  8. Any work or research done in support of basic/applied research or experimental development can qualify as SR&ED.

  9. Thanks! Do you have any questions? • info@canadiansred.ca • +1 587 200 4163 • https://canadiansred.ca/ @canadiansred

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