Many projects that you modify your meet and food processing equipment, experiment
with technical modifications or alter your facilities might qualify for SR&ED program bringing you up to 68% of expences.
At the Toronto
Meat and Food Processing Trade Show in February 2009, members of the industry had the opportunity to better understand how the SR&ED
program can relate and contribute to their industry and how their projects can qualify for SR&ED tax incentive.
In recent years, new food regulations led many food processors to alter and modify their facilities.
Some took the opportunity to revamp their machinery, and experiment with various technical modifications.
Production managers often modify and experiment with their equipment to produce higher quality products or simply
to reduce costs.
Many of these actions qualify as shop-floor experimentation under
the SR&ED program. This means that a company
may receive a refund as high as 68% of qualifying payroll expenses!
Tax Refunds Canada's technical expertise and deep understanding on how the SR&ED program works, allows us
to simplify the application process for the client.
Find more about SR&ED tax claims
process.
Revised:
November 13, 2009
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