Small and big enterprises are encouraged to engage in research and development to produce or improve existing goods, processes, principles, procedures, or materials through the Scientific Research and Experimental Development (SR&ED) tax credit programme.

With the Scientific Research and Experimental Development (SR&ED) tax credit, Canadian businesses can get money to help lower the costs associated with performing capital expenditures that would otherwise be judged "too hazardous" to undertake otherwise.

Research and development tax credits provided to privately held Canadian firms range from 20% to 35% of qualified Research and Development costs associated with an individual initiative, project or programme. On qualified expenditures, individuals and trusts may be eligible for the Scientific Research and Experimental Tax Credit, which has an introductory rate of 15 per cent for the first year of eligibility. The tax credit must be credited against the taxes owed, and any residual credits can be reimbursed up to a maximum of 40% of the amount of the tax credit received.

Our work at Innovative Recovery Group collaborates with various scientists, computer programmers, engineers, technicians, and government-related organisations to identify and take advantage of the different funding options accessible to small and medium-sized businesses.