Government Funding for Agriculture
Do you operate a farm in Canada? Is your farm incorporated? Whether your farm grows crops or performs animal husbandry, you may be eligible for the SR&ED Program.
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.
The SR&ED program is not a grant, but strangely enough, does actually behave like a grant. Traditional grants are pre-approved before work commences. SR&ED grants for agriculture are retroactive and approved after the fiscal year-end of the corporation
SR&ED Grants for Farms
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 tax credit program.
SR&ED Claims for Agriculture
If you answer yes to any of the following questions you could be sitting on an untapped refund.
- Have you encountered technological obstacles or scientific uncertainties in the course of your work?
- Have you encountered challenges involving climate, environment, plant or animal genetics, animal husbandry, soil?
- Does your work involve horticulture, agronomy, viticulture, forestry, aquaculture & fisheries, dairy science, or other related sciences?
- Have you designed or developed any technology that is state-of-the-art?
- Have you solved scientific problems by going beyond available knowledge, methods, or routine engineering?
- Have you developed any products that were patented?
SR&ED Eligibility for Farms
- Technological obstacle or Scientific uncertainty
- Technological or Scientific advancement
- Systematic investigation
- Technical content and evidence