Make use of R& D expenses
Expenses related to research and development activities incurred to develop and
enhance your products and production process, may qualify for valuable tax incentives
in the form of refundable and non-refundable tax credits. While the guidelines governing program eligibility can be complicated, a wealth of information is available
at the Canadian Revenue Agency to help
your eligibility for the program.
Unfortunately, we can’t eliminate taxes.
But, we can use wise business practices to
minimize or defer income taxes that would
otherwise be payable. These are only a
few of the tax-planning opportunities available to you as a business owner. Talk to us
about a complete tax check-up to help identify all the tax planning strategies available
to you. After all, the tactics you employ
today will help you reap rewards at tax
time next year. n
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