SrEdAssociates.com
Title
SR&ED Associates - About us
Description
Excerpted from the website:
- If some of your business activities comply with the Canada Revenue Agency's (CRA) definition of scientific research and experimental development, then you have an eligible SR&ED project(s) and can claim a tax credit on some of the associated costs. Claimants can apply for SR&ED investment tax credit (ITC) for qualified expenditures such as wages, materials, machinery, equipment, SR&ED contracts, and some overhead costs or a proxy amount for these costs. The proxy amount for overhead costs is calculated as 65% of SR&ED-related wages and is added to other SR&ED expenditures.
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