SR&ED: How to Live in Canada but have Costs like Bangalore, India
Canada Revenue Agency’s Scientific Research and Experimental Development (SRandED) refund and tax credit is designed to make it possible for you to perform R&D and product development in Canada rather than outsourcing to India or China.
In Bangalore a Software Project Manager is paid $26,414.50
If you pay your project manager in B.C. or Alberta $82,545.31 and receive 68% refunded through the SRandED incentive program, the cost of your manager is actually $26,414.50, the equivalent of an employee in Bangalore.
In Saskatoon and Manitoba you can pay your project manager $100,963, yet the actual cost to you will be $26,414.50.
Revenue Services Group can show you how our Live in Canada, Pay Like India SRandED model can be applied to your company.
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ADDITIONAL NET INCOMEFunding & Tax Credits