The project entails development of a website that would offer services for allowing RDMaximizer clients to recover the expenditure made in R&D(as Incentive program by Canadian government). R&D Maximizer a web based software application that helps companies to track their R&D activities and invested resources. The software is designed specifically to maximize the benefits from the SR&ED (Scientific Research & Experimental Development) program by Federal Government of Canada.
To encourage businesses to undertake Scientific Research and Experimental Development (SR&ED) activities in Canada, the Federal Government provides one of the most generous tax incentive programs in the world. The program is more technical than financial in nature. In combination with various provincial programs, companies may recover up to 41.5% of the qualified cost.