February 10, 2006
THE SR&ED PROGRAM
The Scientific Research and Experimental Development (SR&ED) program is a federal tax incentive program to encourage Canadian businesses of all sizes and in all sectors to conduct research and development (R&D) in Canada. The program has been designed to encourage the development of new, improved, or technologically advanced products or processes by Canadians and Canadian businesses.
According to the CRA web site, the SR&ED program is the largest single source of federal government support for industrial research and development in Canada. You may be eligible to apply for SR&ED investment tax credits for expenditures such as wages, materials, machinery, equipment, some overhead, and SR&ED contracts.
For more information on the Scientific Research and Experimental Development (SR&ED) Tax Incentive Program, including eligibility and the application process, see the CRA web site at:
http://www.cra-arc.gc.ca/taxcredit/sred/menu-e.html
Posted by Taxes.ca Editorial Team [permalink]
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