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12290 Wilfrid Lazure

Montreal, Quebec

H4K 2W9

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Industry Canada Online Services

 

Industry Canada provides a number of online services and resources for small businesses, including various databases, directories, financing programs, company capabilities, and other. The tools are aimed at both businesses and consumers and are worth taking a look at. Industry Canada website.

 

 

Canadian SR&ED Tax Incentive Program

 

The Canadian SR&ED (Scientific Research and Experimental Development) tax incentive program. is administered by the Canadian government and encourages Canadian businesses of all sizes and in all sectors to conduct R&D in Canada. It is the largest single source of federal and provincial government support for industrial R&D. The SR&ED program gives claimants cash refunds and/or tax credits for their expenditures on eligible R&D work done in Canada. The program is an absolute must for any entity conducting eligible R&D work in Canada. TDMG has undertaken a number of R&D programs over time and the benefits of these tax incentives really do go a long way. The actual incentives will depend on various parameters and in which province the R&D is conducted (as each province has it’s own incentives), but  the rates can be as high as 60% - 70% for small businesses. The average SR&ED refund or tax credit is in the order of 35% of the cost of the R&D work including all business types and sizes. It is therefore important to look into these incentives and take ad-vantage of them as much as possible. It is possible to get loan approvals and guarantees on the basis of future SR&ED claims. This can be very helpful for funding R&D intensive programs in all industries. For more information you can go directly to the Canadian government’s website.

 

 

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