SR&ED in the Agriculture Industry

Eligible Sub-sectors include:

• vineyards
• greenhouses
• plant & livestock
• poultry
• swine genetics

Agriculture and Agri-food continue to play an important role in federal and provincial economies, making a significant $110 billion contribution to Gross Domestic Product (GDP). In 2009, it directly provided one in eight jobs, employing two million people and accounting for 8.2% of total GDP.

The past two years have seen the agriculture and agri-food industries be heavily influenced by both crude oil and commodity prices – first rising sharply in 2008 and then declining again in 2009 due to the recession and record crops.

The volatility which we have seen has added a heightened level of uncertainty associated with the production and development of agriculture and agri-food products in Canada, resulting in higher competition.

Those in the agriculture industry who are, as a result of higher competition, experimenting and working on innovative products and processes, can greatly benefit from Canada's Scientific Research & Experimental Development (SR&ED) program, which provides tax credits and cash refunds for eligible experimental work conducted.

To see how the experts at NorthBridge can help you with your SR&ED claim, contact us now for a free consultation.