Originally Published by Norcat
As catalysts of innovation, technological advancement and job creation, mining companies – as well as technology companies building and deploying products for the mining industry – are eligible to take advantage of the federal Scientific Research & Experimental Development (SR&ED) program. But often — because of the broad definition of SR&ED — companies are missing on the opportunity to benefit from the program since there’s so much more to it than most companies know.
Did you know:
- You can recoup approximately 20% of your operating and production costs when you’re experimenting during a production run
- The largest mining companies in Canada are receiving millions of dollars back by experimenting during their production runs
- There is so much you can find out about SR&ED during production runs.
EY’s Americas Mining and Metals Centre of Excellence has joined forces with NORCAT to build the skills, capabilities and innovative solutions to help support the mining and metals industry through transformation. EY’s business tax advisors have worked with the CRA on numerous experimental production trial claims with great success, and in this session they’ll give you a high-level overview on how you can take advantage too.
Register on Eventbrite for this lunch and learn session with NORCAT and EY to find out more.
Kevin Eck, Partner, Business Tax Incentives, EY
Sean Verret, Associate Partner, Business Tax Incentives, EY
Date and time:
Thu, June 24, 2021
12:00 PM – 1:00 PM EDT