The cannabis industry is the newest and one of the fastest-growing industries in Canada. Companies are encountering a lot of uncertainties and unanticipated challenges. Your work to solve growing, harvesting and processing issues and the learning you’ve generated from applying new strategies can make you eligible for the SR&ED tax credit program.
You can claim employee time and wasted materials associated with work in these areas — whether your project goals were achieved or not. All claims are based on work you are already doing. So, it makes sense to capitalize on any refunds you are eligible to receive.