My Business Project Failed The SR&ED Tax Credit Audit
If you are reading this, a well-trained SR&ED consulting firm can tell right from the title that a business project does not qualify for the SR&ED Tax Credit. Many companies ask what the difference is or if there is any difference between a business project and an SR&ED project. The easy answer is yes there is a definite difference, but let’s dig into this further.
I think the place to start is to be clear about what the SR&ED tax credit is supposed to encourage.