We are excited to announce that SRED Unlimited will be participating in the Grow Up Conference in Toronto, from May 27-29, 2024.
As Canada’s #1 cannabis conference, Grow Up focuses on cultivation, brands, and retail within the cannabis industry. Founded in 2017, it has established itself as a premier cannabis event dedicated to fostering growth and innovation in the rapidly growing Canadian cannabis sector. This hub for cannabis professionals is the perfect setting for exploring the latest trends in cannabis cultivation and processing technologies.
How SR&ED Tax Credits Can Boost Your Cannabis Business
The Scientific Research and Experimental Development (SR&ED) tax credit is a federal tax incentive program designed to encourage Canadian businesses of all sizes and in all sectors to conduct research and development (R&D) in Canada. It offers tax refunds and credits for expenses related to the development of new, or the improvement of existing, technologies, processes, or products.
For cannabis growers and processors, the path to innovation is fraught with the unknown. Whether you are experimenting with new cultivation techniques, improving plant yield and quality, or developing efficient harvesting and processing methods- these activities and more could qualify for SR&ED tax credits.
Understanding the specifics of SR&ED claims can be complex, especially when determining what constitutes eligible work and expenditures in such a new and unique industry. But this program is crucial for companies that invest time and resources in solving problems related to growing, harvesting, or processing cannabis.
This is where SRED Unlimited can help. Our experienced agriculture and cannabis consultants support you throughout the claim preparation process.
By partnering with SRED Unlimited, cannabis businesses can focus on their core activities while we help prepare the reports and forms for the claim submission.
Join Us at the Grow Up Conference
We invite all cannabis industry professionals attending the Grow Up Conference to visit our booth. Our team will be available to discuss how we can assist your business in leveraging SR&ED tax credits to accelerate your growth and help your cannabis business thrive.
Don’t miss this opportunity to learn how your innovative efforts in cultivation and processing can not only overcome industry challenges but also yield significant financial benefits through the SR&ED program.
