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The recent updates to the Shred program introduce critical changes that can benefit businesses engaging in research and development. Capital expenditures are once again eligible for tax credits, allowing companies to claim costs associated with new equipment or infrastructure directly supporting their R&D activities. Furthermore, public companies can now access an enhanced 35% refundable Shred tax credit, widening the pool of eligible organizations for R&D incentives. These updates create new opportunities for innovation and growth, but businesses need to act promptly to take advantage of these benefits.