Any business that is doing basic or applied research, or is advancing technology to improve or develop new materials, devices, products or processes, may be eligible to make a claim under the program.

The Scientific Research and Experimental Development Program offers tax incentives that encourages and supports scientific research and experimental development (SR&ED). The program does this by letting you deduct your SR&ED costs from your income for tax purposes. Also, the program gives you an investment tax credit that you can use to reduce your income tax.

Innovation and technology is recognized by the provincial and federal government, both in its intrinsic value and the significant investment of the inventor. This presentation put on by Canada Revenue Agency, will demystify what a SRED credit is and how to claim it.

Please email Mika at mika@chooselethbridge if you require any dietary restrictions.