Reminders

SR&ED

Archives for January 2014 « Recent Articles

Photo of Gerry FungOffline

Although many are aware of the $3.5 billion in SR&ED tax credits awarded each year to Canadian businesses, many firms are not taking advantage of the $20 billion of funding offered by the federal and provincial levels of governments to spur growth in small to medium enterprises. There are literally hundreds of programs available, varying from tax credits, to non-repayable grants, to repayable grants, each with their own attributes and limitations. Eligibility for each program can vary according to industry sector, size of business, geographic location, and investment activity. Although there is ample finding available, it takes significant management time to first identify eligible opportunities, and secondly to go through application and reporting processes.



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