The Canadian aeronautics industry needs to invest in research and development (R&D) to retain its position as a leader.
Be aware that in this activity sector the SR&ED Tax Incentive Program can refund up to 82% of salary expenditures invested in R&D, which helps to attract and retain the best talents within the company.
For example, the creation of new materials, new processes and new manufacturing systems can qualify for significant SR&ED tax credits. Similarly, the development of new prototypes, components, or communication, navigation and surveillance systems may also quality for SR&ED tax credits.
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