In this episode JP and Fab have a talk with SR&ED expert Kevin Kelner.
The Scientific Research and Experimental Development (SR&ED) Program uses tax incentives to encourage Canadian businesses of all sizes and in all sectors to conduct research and development (R&D) in Canada. These tax incentives come in three forms: an income tax deduction, an investment tax credit (ITC), and, in certain circumstances, a refund.
We cover:
Who can make a SR&ED application
How the government approves SR&ED
How much $$$ you can get from SR&ED
This episode will be of interest to anyone who runs a small business and conducts research and development, engineering, software development, medical research and more.