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Harvest the Benefits of Tax-Incentive Programs for Your Winery

30/03/2011


The SR&ED program

Electronic moisture probes to monitor soil. Weather stations linked to websites. Sap-flow monitors that measure vines’ water intake and innovative bottling techniques designed to streamline processes. These are just a few of the new technologies used by some of today’s profitable wineries and growers.

Developing such technologies may seem cost-prohibitive or a task best left to government-funded groups. However, with the aid of government tax incentives, research and development (R&D) is not solely in the arena of those with deep pockets.

The Scientific Research and Experimental Development (SR&ED) program is a federal tax incentive program available to all Canadian taxpayers. This program allows even emerging wineries and growers to make R&D a regular part of business operations.

A wide range of activities may be eligible for full or partial SR&ED credits. You may be able to make a claim if you are:

  • Developing a new process
  • Improving an existing process to make it faster, more efficient, more precise, more economical or more environmentally friendly
  • Creating a new product or enhancing an existing product by resolving a technical challenge common to your industry

Typical projects include new or improved bottling techniques, yeast development, advancements in storage and reduced spoilage, sorting techniques, handling and harvesting technology, and pest control.

Wineries and growers routinely encounter and overcome challenges during daily operations. Innovative solutions to these everyday problems may qualify as SR&ED without you ever knowing. The SR&ED program supports any attempts to improve your business operations, even if they do not prove successful.

Geoff McIntyre, CA, specializes in advising wineries and fruit growers. For more information, contact him at 250.763.8919 or [email protected]