[vc_row][vc_column][vc_column_text]Canadian businesses such as Canadian Controlled Private Corporations (CCPCs), sole proprietorships, partnerships and public corporations qualify
New/Improved products or processes developed in Canada are eligible for tax refunds.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]Three Criteria for Eligibility:
1. Scientific or Technological Uncertainty:
Project work must show that technological uncertainties existed from the onset of the project that could not be easily resolved with available industry knowledge. Questions to ask yourself include: What challenges did we foresee at the beginning of this project? Could these challenges be easily resolved with known methods?
2. Scientific or Technological Advancement:
Each project, whether successful or unsuccessful, must show an advancement in the industry, that is, new knowledge has been gained. Questions to ask yourself: What did we learn as a company through this project? Can we now apply this knowledge to other ideas/projects?
3. Systematic Investigation:
Project work must demonstrate a systematic investigative process i.e., a step-by-step methodology in hypothesis, testing and analysis.
Trial and error methods are not eligible as these do not demonstrate a scientific process of thinking.
Questions to ask yourself: Did we follow a step-by-step experimental process from objective to theory to hypothesis to experimentation to analysis?[/vc_column_text][/vc_column][/vc_row]