Small Business: Canada Revenue Agency supports business innovation

Source: http://news.gc.ca/web/article-en.do?mthd=tp&crtr.page=1&nid=814289

Quick facts

  • The SR&ED program is the single largest federal tax incentive program that supports business research and development.
  • The SR&ED program provided over $3.6 billion in tax assistance to over 23,000 claimants in 2012 alone.
  • SALT includes clear explanations of key concepts and tips on how to effectively structure an SR&ED claim submission.
  • FTCAS focuses on informing claimants about the eligibility of work and expenditures and document requirements and on increasing the success of future claims.
  • SALT and FTCAS address calls from small businesses to reduce the red tape burden that results from federal government rules and regulations.

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