SR&ED (Scientific Research & Experimental Development) is the government program that rewards companies that perform R&D in Canada. The program makes Canada a more economically competitive and technologically advanced nation and it has been in existence since the 80’s. The Canadian incentive program is one of the most generous R&D programs in the world. This is not a grant – you are entitled to this money under the Income Tax Act.
Many Food Developers and Manufacturers qualify for this program. If you answer yes to any of the following questions you could be sitting on an untapped refund.
- Does your company develop or produce food or beverages?
- Do you develop beers, wines, spirits, or other alcoholic beverages?
- Do you experiment with new ingredients and taste profiles?
- Do you produce innovative or new products that are challenging?