The ongoing economic recession and environmental concerns - these two issues make it more challenging for small and mid-size businesses in Canada not only to succeed, but in many cases to survive.

Did you realize that the Government of Canada developed and implemented a unique program to help small and mid-size businesses operate successfully?

The SR&ED tax incentive program is a great “war chest” resource, especially during the current economic downturn.

Each year, the SR&ED program provides over $4 billion in refunds and tax credits to over 18,000 claimants. Of these, approximately 75% are small businesses.

Naturally, there are questions you might be asking yourself now. Some of those could be:

Your Question: What is the SR&ED program?

Our Answer: The Scientific Research & Experimental Development (SR&ED) program is a Canada Revenue Agency (CRA) initiative that provides incentives in the form of refunds and tax credits to Canadian businesses of all sizes, and in all sectors for R&D conducted in Canada.

Your Question: How does my business benefit from this program?

Our Answer: The SR&ED program helps you to:

- fund technological and environmental advances that keep your company competitive: http://www.sredunlimited.com/environment.html
- maximize the return on your investment for the above initiatives
- better position your company for future R&D and experimental projects

Your Question: How much do I get?

Our Answer: Typically, SR&ED refunds range between $20,000 and $500,000.

Here is an example: Assuming your company spent $ 100,000 on salaries and $ 60,000 on consulting fees, and 75 percent of the labour and consulting fee was attributed as Experimental Development expenses, your claim size is as follows:

100,000x0.75x0.685 + 60,000x0.75x0.415 = $ 70,050

Have a look at some case studies here: http://www.sredunlimited.com/testimonials.html

Now it’s our turn to ask you:

Are you interested in getting $20,000- $500,000? If yes, do you qualify for the SR&ED refund?

To qualify for the refund, you must:

- be an incorporated Canadian company
- have a payroll (the salary paid through T4), or consulting fees
- have production (it can be anything — software development, bakery, printing, metal forming, chemical manufacturing, etc.)

To determine if you qualify for an SR&ED refund, contact us: http://www.sredunlimited.com/contact.html

Author: Dmitry Brusilovsky
Founder & Technical Director at SRED Unlimited
LinkedIn profile: http://www.linkedin.com/pub/dmitry-brusilovsky/1/68/3bb
Follow SRED Unlimited on Twitter: http://twitter.com/SREDUnlimited

St. Andrew's Insurance and insurancebroker.ca cannot guarantee the information contained in insurancebroker.ca to be timely, current, accurate, or complete, and is subject to change without notice. Changes to the information, products or services described in insurancebroker.ca may be made without updating the website to reflect such changes. When using any information provided on these websites for any insurance, financial services, or other purpose, you should verify the information before acting on it. No endorsement of any third-party products or services is expressed or implied by any information, material or content referred to or included on, or linked from or to insurancebroker.ca.

Report a Broken Link

Click here to report a broken link on this page.