Bringing the SR&ED Program to the Agriculture Industry
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
Focus: SR&ED in Agriculture
There have been many advancements in agricultural techniques, despite the fact that this is a very traditional industry. Farmers struggle with finding methods to increase crop yield, modify growing conditions for plant species that are not native to Canada, reduce infestations, and improve harvesting efficiencies.
In the agriculture category, we find the Animal Husbandry category. Many farmers in Canada experiment with nutrition and genetics when raising breeds of animals that are not native to Canada, like Alpacas. These claimants need to ensure that they are incorporated in order to take advantage of the SR&ED program.