Banhall Consulting
About Business
SR&ED (Scientific Research and Experimental Development) tax credits are a government incentive program designed to encourage Canadian businesses to invest in research and development. The credits provide financial support by offering tax rebates or reductions to businesses conducting eligible R&D activities. These activities include experimental development, applied research, and basic research in science and technology fields. Businesses that qualify can receive substantial benefits to offset the costs of their R&D efforts, fostering innovation and technological advancements. The SR&ED program is vital for driving economic growth and maintaining Canada’s competitiveness in global markets.