Monday, November 30, 2015

SR&ED Consulting: How it Can Help Vancouver Business Owners

The government encourages businesses to be innovative, and offers significant incentives for business owners in Vancouver that do. SR&ED is the Scientific Research and Experimental Development program in Canada.
The SR&ED program is a federal tax incentive program, administered by the Canada Revenue Agency, that encourages Canadian businesses of all sizes, in all sectors, to conduct research and development in Canada. If you have questions, do not hesitate to contact us at 604-259-9937.
What is Scientific Research and Development
This program is generated towards encouraging Canadian businesses of all sizes, to conduct research and development that will lead to new, improved products, processes, devices, materials and more!
How to maximize your claim?
To maximize your claim possibilities you should ensure that your company’s technical leadership is consulted to analyze what projects and activities have been completed that could be counted for your SR&ED claim.
When you visit us at Innotek in Vancouver, we will:
  • Screen your business activity
  • Prepare a technical report
  • Prepare all the tax schedules
  • Submit the completed claim
  • Provide support following reviews
Most business owners see SR&ED consulting as a time for innovation. Actually, it is not. Many innovative ideas would never qualify for an SR&ED tax credit. This is why it is a good idea to visit an expert for help and guidance.
A Tax credit, or refund that is actually substantial enough to change; the way a business operates, allows for new equipment, attracts new talent, rewards their staff, attend international trade shows, and better marketing budgets.
Interesting enough, the SR&ED program is the largest single source of federal government support for industrial research and development in Canada.
If you are a Canadian business owner who is interested in meeting with one of our consultants at Innotek, do not hesitate to call us at 604 259 9937 or click here to learn more today!