SR&ED Tax Credits are government incentives designed to encourage Canadian businesses to invest in research and development. These tax credits can significantly reduce the costs of innovation by reimbursing a portion of eligible R&D expenses, including salaries, materials, and overhead. To qualify, businesses must demonstrate that their activities involve scientific or technological advancement, uncertainty, and experimentation. The SR&ED program is available to businesses of all sizes and sectors, offering both federal and provincial credits. Working with SR&ED consultants ensures companies maximize their claims, navigate the complexities of the program, and optimize the financial benefits of innovation.