(SR&ED) tax incentives - Now Health SRED Grant

Scientific Research and Experimental Development (SR&ED) tax incentives

Artificial Intelligence (AI) & Machine learning is reshaping industries, from health tech to finance. Companies experimenting with new algorithms, data-driven solutions, and automation technologies.

We are particularly interest in AI & Machine learning around education and communication with the patient.

Grant Enabling Video Software

Applicable for any website

View in action…

SRED Eligible data collection software for continual ongoing claim potential. VIDEOBoxx is the next step in communication, education and sales. With seamless integration into website in under an hour VIDEOBoxx takes your digital communication to the next level

Data Collection Points

I frame generated data collection software

Number of video plays

Quiz’s opened

Quiz questions answered correctly

Quiz questions answer incorrectly

Local practitioner

PDF Opened and

PDF printed

Book online appointment

Number of videos watched

Referral

Charity donation

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

Pilates Studios

Personal Training

Data Collection, Computer Programming, Research

Experimental development

Experimental development is work that aims to generate or discover technological knowledge or know-how in order to develop or improve materials, devices, products, or processes, including incremental improvements

Eligible support work must be in one of the following categories

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.