Tags » SR&ED
The name "Scientific Research and Experimental Development" does sound a little intimidating but it really comes down to solving problems that have a technological component to them. The government did not want to call the program "Research and Development" (R&D) as they felt R&D could also mean solving problems through the "bumble and stumble" methodology which they did not want to pay for.
Free Government Money? Does it really exist??
The answer to this is YES and YES. The government -- and particularly the Canadian government -- has a mandate to support various business development initiatives and they achieve this through incentive programs. Many of these incentive programs include tax rebates, direct funding, loans and other forms of grant money.
Five Myths about the SR&ED Tax Credit
Myths abound when it comes to Canada's SR&ED tax incentive program. We've addressed five of the leading misconsceptions to help ensure companies understand what the program entails and how they can benefit from it.
