The SR&ED program

CRA states:

“The SR&ED Program is a federal tax incentive program, administered by the Canada Revenue Agency (CRA), that encourages Canadian businesses of all sizes, and in all sectors to conduct research and development (R&D) in Canada. It is the largest single source of federal 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.”

First Canadian would like to add that every decision we have ever seen from CRA adheres to this statement. They are ultimately fair and objective, delivering the current official policy in an equal manner to every Canadian business that applies.

We are aware of subtle changes over time and regional differences in the interpretation of the regulations that can affect your claim. A well developed SR&ED claim has to be timely in it’s interpretations, and aware of the changing climate. We like to say the program has a mind, but it also has a personality. Let us introduce you to the SR&ED program and all the benefits it has to offer. It is a good and reliable resource when treated with respect.

 

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