MPC? Claim your SR&ED!
SR&ED (Scientific Research & Experimental Development) is a government program that rewards companies that perform R&D in Canada. The program makes Canada a more economically competitive and technologically advanced nation and it has been in existence since the 80’s. The Canadian incentive program is one of the most generous R&D programs in the world. This is not a grant – you are entitled to this money under the Income Tax Act.
As an MPC (Medicine Professional Corporation) you could qualify for tax credits & refunds for your formal or informal medical studies, whether the work is published or unpublished.
Most incorporated medical specialists qualify for this program.
If you answer yes to any of the following questions you could be sitting on an untapped refund.
- Is your medical practice incorporated?
- Do you practice in a field of medical specialty?
- Have you ever or would you like to define hypotheses and study clinical data in your field of medicine?
- Has your work resulted in an advancement in knowledge in a field of medicine?