Principal Aspects of SR&ED Funding in Canada

The SR&ED program in Canada provides tax incentives to encourage research and development. Key aspects include refundable tax credits for SMEs and non-refundable credits for larger firms, fostering innovation and technological advancement. SRED funding supports economic growth by reducing R&D costs, mitigating financial risk, and enhancing competitiveness. The program promotes collaboration between businesses and research institutions, driving high-tech industry progress and positioning Canada as a leader in global innovation. Visit us at https://www.sauconsulting.ca/our-services/sred/