The SR&ED program, will fund approximately 20 to 45% of the research and development costs associated with your efforts. Currently over 18,000 businesses receive over $3 billion in tax refunds and credits annually.

The SR&ED tax credit program is administered by the Canada Revenue Agency of the Government of Canada. It is designed to reward those companies and individuals who, through their research, innovation, and development, help to competitively position Canadian businesses at the vanguard of global technological advancement.

Your business could qualify for a credit if you have recently, or are currently:

• Designing a better product or process, or improving a new one;
• Developing a new way to manufacture your products;
• Creating customized machinery or developing prototypes;
• Applying for a patent relating to developed technology;
• Designing application software or an operating system;
• Developing or improving on new database management;
• Created new software architectures, design, algorithms, techniques, or constructs.

Impact 360 recovered $1,500,000 in SR&ED refunds in the first 3 years for a new software development firm.

If you are not claiming these credits OR want to know if you are eligible, simply call now: 1-866-360-9671