Registered mustard producers eligible for 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 2016, registered mustard producers may claim 26% 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 Saskatchewan Mustard Development Commission 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.cra-arc.gc.ca/txcrdt/sred-rsde/menu-eng.html

Top

Pin It on Pinterest