Artificial Intelligence (AI) & Machine learning is reshaping industries, from health tech to finance. Companies experimenting with new algorithms, data-driven solutions, and automation technologies may qualify for SR&ED, particularly if you’re addressing unique technological challenges in software development.
The Scientific Research and Experimental Development (SR&ED) tax incentives are intended to encourage businesses to conduct research and development in Canada.
Corporations, individuals, trusts, and partnerships that conduct eligible work may be able to claim SR&ED tax incentives for the year.
Scientific Research and Experimental Development (SR&ED) tax incentives
We are particularly interest in AI & Machine learning around education and communication with the patient. Our software VIDEOBoxx is particularly appropriate for its ability to distribute our video or a company’s videos to patients seamlessly from their own website.
The advantage of our existing video library and our software allow us to capitalize on further software development to meet Ai and Machine need requirements to apply for grants. This will ultimately help with the ability to create digital communication with patients and sales opportunities
Biotechnology & Life Sciences: The biotech and life sciences sectors continue to grow in areas like genomics, medical devices, and pharmaceuticals. If you’re conducting research on medical breakthroughs, drug development, or precision health technology, you could be eligible for substantial SR&ED tax incentive
Grant Enabling Video Based Software
Samples of Eligible Health Companies
Physiotherapy Clinics
Otolaryngology Clinics
Pharmacies
Optometry Clinics
Ophthalmology Clinics
Dermatology Clinics
Plastic Surgery Clinics
Chiropractor Clinics
Cardiology Clinics
Orthopaedic Clinics
Arthritic Clinics
Ears Nose & Throat
Oncologist
SR&ED (Scientific Research & Experimental Development) is a government program that rewards companies that perform R&D in Canada. The SR&ED tax credit program makes Canada a more economically competitive and technologically advanced nation and it has been in existence since the 80’s. The Canadian incentive program is one of the most generous R&D programs in the world.
The SR&ED program is not a grant, but strangely enough, does actually behave like a grant. Traditional grants are pre-approved before work commences. SR&ED refunds for medical research are retroactive and approved after the fiscal year-end of the corporation.
As an MPC (Medical Professional Corporation) you could qualify for tax credits & refunds for your formal or informal medical research, whether the work is published or unpublished.
75
NATIONAL MEDICAL
BOARD MEMBERS
269
ALLIED PROFESSIONALS
3000
VIDEOS IN LIBRARIES
100
Network grown in 2024
12
YEARS IN BUSINESS
250
