Canaryseed Development Commission of Saskatchewan
 

News

March 12, 2019

Canaryseed producers eligible for 17 per cent tax credit

The Scientific Research and Experimental Development (SR&ED) tax credit is a federal government program that encourages research and development by providing tax-based incentives.

For 2018, registered canaryseed producers may claim 17% of their checkoff contributions as a qualifying SR&ED expenditure on their federal tax return.

The tax credit percentage is based on the amount the Canaryseed Development Commission of Saskatchewan has invested in research and development that meets the criteria laid out by the Canada Revenue Agency (CRA).

More information on the SR&ED program is available from Canada Revenue Agency: www.canada.ca/en/revenue-agency/services/scientific-research-experimental-development-tax-incentive-program.html


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