What is SRED and How Do I Track It?

By |2022-05-06T18:04:34+00:00April 27th, 2022|Taxes|

Have you ever heard the term SRED and wondered what it was all about? The Canadian government provides tax-reducing incentives to companies conducting qualifying Scientific Research and Experimental Development (SRED) work. It is important to understand the various tax credits available to support SRED work, so that you may take advantage of them. These tax credits are often overlooked. Businesses don’t know they exist or they don’t realize they qualify for them. The Canada Revenue Agency (CRA) has made a number of changes in recent years. One of these changes was to the SRED program. The SRED program allows businesses to [...]