Are you working on Scientific Research & Experimental development (SR&ED) project?
You are not sure?
If you are working on systematic investigation or search that is carried our in a field of science or technology by means of experiment or analysis, you could be qualified for SR&ED Investment Tax Credit.
Please answer the questions below and if ALL your answers are “YES”, please contact us, we’ll be happy to meet you, to go over details. Your project potentially could be qualified for SR&ED Investment Tax Credit.
Provincial Alberta’s 10% SR&ED tax credit has ended on Dec 31, 2019, but it was effectively replaced with the new provincial IEG (innovation Employment Grant) program. The IEG provides a grant of up to 20% of eligible R&D expenditures incurred in Alberta. R&D expenditures eligible for IEG are the same as those that would qualify under the federal SR&ED program.
Innovation Employment Grant is eligible for corporations that have a permanent establishment in Alberta and incur eligible R&D expenditures in the province after December 31, 2020.