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Beginning in 2009, the new Alberta tax credit may increase your R&D cash-back credits to as much as 41.5%.

Research and Development Funding
Research and Development funding is assisted by numerous programs in Canada, but of primary importance are two administered at the federal level: the SR&ED program and the Industrial Research Assistance Program (IRAP). The first is a research and development tax credit (returning as much as 35% in cash) based on money already committed and spent by your company and the second is a forward-focused government grant program based on projected expenditures. Taken together, the two programs work in harmony to help overcome the funding and risk gaps otherwise facing business in bringing technology innovation to fruition, wherever on the industrial spectrum it may be – from
biodiesel to medical.

SR&ED and Industrial Research Assistance Program (IRAP)
Technology Strategies Group Inc (TSGI) is ideally placed in Canada’s burgeoning area of economic activity (Calgary, Alberta, Canada) to assist companies with the complementary paths of project definition, description, and identification of associated financial resources needed for both the SR&ED program and Industrial Research Assistance Program. TSGI’s experienced Chartered Accountants and technology gurus team up to provide a holistic approach to your company’s research and development funding needs. While government grant proposal writing is the focus for Industrial Research Assistance Program, the SR&ED program has strict financial rules that must be followed both for the research and development tax credit itself and to coordinate with general tax filing. Both have a labyrinth of requirements that TSGI is skilled at navigating through their decades of collective experience
with the programs.

New Product Development Funding
Both the SR&ED and Industrial Research Assistance programs assist with new product development funding (within each program’s guidelines), extending to new process / material / device development and incremental improvements to existing products / processes / materials / devices. Each can broadly be described as a technology development program; many others of lesser size and extent exist for designated industries, fields of endeavour, or targeted results (such as CO2 reduction projects) that
can generally be described as research funding grants. TSGI has the flexibility and vision to assist
in a broad range of research and development funding.