1.877.753.2678 [email protected]

      Budget 2022: SR&ED Tax Credit Program Review

      Heads up! This post is now 2 years old, and the content may not be current information.

      The 2022 budget promises to review the Scientific Research and Experimental Development (SR&ED) program to ensure it is effective in encouraging research and developement. In addition, it will reconsider its eligibility criteria, and simplify the program. Part of the review will look at whether or not the tax system can play a role in encouraging the development and retention of intellectual property stemming from research and developement conducted in Canada

      While the SR&ED program has long been a cornerstone of Canada’s innovation strategy, many start-ups have been frustrated with accessing the program. Once in, they faced onerous amounts of paperwork. Canadian innovation-economy executives expressed concerns that too much money went into large companies or multinationals. This new initiative by to review the SR&ED program is aimed at eliminating these concerns.

      For more information, and to find out if you may qualify for these benefits, call Jason Adams, 877-753-2678, or email Jason [email protected]

      Written By Steven Eddy

      Steven is the President and Founder of SJE Consulting Ltd. He has years of business experience navigating the complex world of government grants for small businesses, research and development projects, and tax credits.

      Posted to: Budget 2022

      May 17, 2022

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