Business Improvement Group
SR&ED Overview
Over 4 $billion is refunded each year. Are you getting your fair share?
Do scientific and technological advances help fuel your company’s competitiveness? Wish there was a way you could get back some of the money you’ve invested in R&D and innovation?
The Scientific Research and Experimental Development (SR&ED) program is a federal tax incentive program, administered by the Canada Revenue Agency, that encourages Canadian businesses of all sizes and in all sectors to conduct research and development in Canada that will lead to new, improved, or technologically advanced products or processes. The SR&ED program is the largest single source of federal government support for industrial R&D, providing over $4 billion in investment tax credits to over 18,000 claimants each year. Of these, about 75% are small businesses.
If your company qualifies, you may be eligible to get money back in the form of a refund, a reduction in taxes payable, or both, for expenditures such as wages/salaries, materials, machinery, equipment, overhead, capital expenditures, third-party payments, and SR&ED contracts. Certain expenditures for SR&ED performed outside of Canada are also permitted.
Source: http://www.busimpgroup.ca/sred/overview
Regional Director, Calgary
Responsible for the development and financial performance of the region. Working with the Partners to Develop business plans, sales plans and reviewing operating results and performance.
Senior Engineer, SR&ED Services (Across Canada)
Business Improvement Group Inc. (BIG) is one of the largest Scientific Research and Experimental Development (SR&ED) firms in Canada with offices in 5 provinces, from the East Coast to the West.
Regional Director, Southern Ontario
Responsible for the development and financial performance of the region. Working with the Partners to Develop business plans, sales plans and reviewing operating results and performance.