For businesses that have expenditures qualifying as scientific research or experimental development, they will have the ability to claim these as an investment tax credit and may receive a substantial refund once assessed by the Canada Revenue Agency. We also assist with tax incentives such as film and video tax, apprenticeship, innovation, digital media, sound recording, equipment investment, etc.
credits represent a significant financial incentive for undertaking eligible
activities and filing a corresponding SR&ED claim with the Canada Revenue
Agency (“CRA”). The tax credits may be used to reduce your income tax liability
with CRA or instead paid directly to your organization, subject to some
restriction. For Canadian-controlled
private corporations, the SR&ED tax credit is a refundable tax credit which
means the company will receive a cheque from the government for the amount of
the tax credit.
Not sure what qualifies? We provide a full analysis on which expenses qualify and file your claim.