SR&ED and Other Tax Credits
The Canadian government offers one of the world’s most lucrative R&D programs in the world, providing over $1 billion in tax incentives annually to Canadian businesses for the development of new products and processes within the country. This generous system provides support for nearly every industry in the country, including manufacturing, software development, agricultural, construction, and pharmaceutical. Tax incentives range from 20 per cent to 82 per cent of developmental dollars, and can significantly improve your company’s bottom line and cash flow.
At Miles & Co., we have extensive experience preparing and defending SR&ED claims. Whether you’re a first-time claimant looking for an opinion, a long-term claimant looking for a fresh set of eyes on your developmental work, or someone struggling through the CRA’s review process, we’re here to help. We also have experience with restructuring corporate groups to gain access to more lucrative SR&ED credits.
In addition, the Federal and Provincial governments are offering significant tax credits to a variety of businesses, whether a start-up looking for up-front financing, an established company looking to expand into a new field, or revamp its processes. If you’d like to access some of these programs, give us a call and we can help you through the process.
