Maximize SR&ED tax credits and government incentives to fuel innovation
The Scientific Research and Experimental Development (SR&ED) tax credit is a government initiative aimed at promoting research and development (R&D) activities within Canada. It offers substantial tax credits to businesses that invest in R&D and experimental projects. These credits can significantly reduce your tax obligations and provide valuable funding for ongoing innovation.
BDO can help your business navigate the complexities of the SR&ED program with ease. Our comprehensive range of services are designed to support businesses of all sizes, from entrepreneurs and start-ups to mid-market and enterprise organizations. Our team of experienced engineers, software developers, scientists, tax and accounting specialists, and business consultants are well-equipped to identify eligible activities and support you through the complex claim process, ensuring accuracy and compliance. We are more than just preparers—we are a strategic partner, committed to helping you maximize funding assistance both domestically and globally. By entrusting us with the intricacies of SR&ED and other government incentives, you can focus on what you do best: innovation and business growth.
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The tax benefits of SR&ED
To maintain their competitive edge, many Canadian businesses devote significant resources to the scientific research and experimental development (SR&ED) of new products and processes. The Canadian tax benefits for SR&ED activities carried on in Canada are amongst the most generous SR&ED incentives in the world.
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