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Is Your Business Missing Out? A Complete Guide to SR&ED Funding

Discover how SR&ED funding can help your business develop. This presentation discusses eligibility benefits and the application process to assist you in maximizing tax incentives for innovation. Learn how to transform research into rewards, cut costs, and remain competitive in your sector. Don't pass up the opportunity to grow your business.

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Is Your Business Missing Out? A Complete Guide to SR&ED Funding

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  1. Is Your Business Missing Out? A Complete Guide to SR&ED Funding

  2. What is SR&ED Funding? The SR&ED program is designed to support Canadian businesses of all sizes and sectors that invest in R&D. It provides tax incentives for companies conducting experiments and technological advancements.

  3. Who Can Benefit? Any Canadian business, from startups to large corporations, engaged in R&D activities can benefit from SR&ED funding. The research doesn’t need to be groundbreaking; it just needs to involve technological uncertainties or experimental activities aimed at advancing knowledge in a particular field.

  4. How Does SR&ED Funding Work? There are two primary components of the SR&ED program: 1. Tax Credits • 2. Grants Businesses may also be eligible for direct government grants to support R&D projects. Eligible companies can claim SR&ED tax credits, which can significantly reduce their tax liabilities.

  5. Common Eligible Activities To qualify for SR&ED funding, businesses must demonstrate that their R&D work involves the following: • Systematic Investigation • Technological Uncertainty • Work is performed methodically and aimed at discovering new scientific or technological knowledge. • The project involves challenges that cannot be easily solved through existing knowledge or technologies. • Experimental Development • The process of developing new technologies, products, or processes.

  6. How to Apply? Applying for SR&ED funding requires submitting detailed reports and technical documentation to the Canada Revenue Agency (CRA). The application process can be complex, but working with an experienced consultant or professional can help streamline it and ensure you maximize your claim.

  7. SAU Consulting & Business Advisory Services Get in Touch • info@sauconsulting.ca • Suite 2010, 777 – 8th Avenue SW Calgary, Alberta T2P 3R5 • (587) 284 3266 • www.sauconsulting.ca

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