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WHAT IS SRED

SR&ED stands for u201cScientific Research and Experimental Developmentu201d. In simple terms, it refers to a Canadian government tax incentive program that credits businesses for performing R&D work in the country. Canadian businesses can apply to be compensated for up to 70% of eligible payroll and 40% of eligible subcontract and material costs incurred while performing qualifying work.

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WHAT IS SRED

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  1. WHAT IS SRED WHAT IS SRED | G6 CONSULTING | G6 CONSULTING SR&ED stands for “Scientific Research and Experimental Development”. In simple terms, it refers to a Canadian government tax incentive program that credits businesses for performing R&D work in the country. Canadian businesses can apply to be compensated for up to 70% of eligible payroll and 40% of eligible subcontract and material costs incurred while performing qualifying work. What Work Qualifies for SR&ED? What Work Qualifies for SR&ED? Not all R&D work is SRED qualifying work.For a SRED claim to be valid, you must demonstrate that you have carried out “qualifying work”. The definition changes and can get convoluted, but essentially you must have performed experimentation, prototyping, even trial and error to attempt to resolve a “technological uncertainty”. In other words, your project must have faced risk that you could not complete it satisfactorily due to technical obstacles or unknowns. There are secondary requirements. Your efforts should be a systematic investigation. You

  2. have some record of your work. But striving to resolve a technological uncertainty is the meat. An important note on qualifying work. If you have a project which has failed for technical reasons, this likely is SRED qualifying work and it can be fully claimed for payroll, materials, and any subcontract work. G6 Consulting G6 Consulting G6 Consulting Inc. is the top company in Canada for helping businesses prepare and submit SR&ED claims. With over 15 years of experience and thousands of successful claims across a variety of industries, we ensure the maximization of your SR&ED credit claims with both federal and provincial governments. Our commitment is 100% customer- centric, and we operate on a no-win, no-fee basis—if we can’t secure your tax credits, we don’t get paid. We handle all work in-house to keep your financial and technical information confidential, protected by our Non-Disclosure Agreement. We carefully prepare your claim, work with your accountant, submit the claim, and make sure you get your refund. Trust your SR&ED claim to the experts. Contact the #1 SR&ED Consultants in Canada today! Learn more at: https://www.g6consulting.ca/what-is-sred/

  3. Contact Us: Name : G6 Consulting ADDRESS33 Haliburton Ave, Toronto, ON URL : https://www.g6consulting.ca/ EMAIL: info@g6consulting.ca PHONE NUMBER:416-704-3879

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