The Scientific Research and Experimental Development (SR&ED) tax incentive program is a federal tax incentive program designed to encourage Canadian businesses of all sizes and in all sectors to conduct research and development (R&D) in Canada. Each year, the SR&ED program provides over $3 billion in tax incentives to over 20,000 claimants. Of these, about 75% are small businesses.
Many businesses confuse innovation with SR&ED – but the policies that govern SR&ED are very strict. If you believe SR&ED and innovation are the same, you may be in for a surprise!
Don’t make a costly mistake – learn more about the SR&ED program.
(…also known as the most comprehensive, interactive resource and guide to SR&ED.)
This interactive guide contains detailed information and step-by-step instructions to help you navigate the complex world of the Scientific Research and Experimental Development (SR&ED) tax credit—an incredibly generous incentive program that gives out upwards of $3.1 billion per year to innovative Canadian companies.
Let’s be honest: This is a challenging tax credit. We have everything you need to know about the SR&ED Tax Incentive Program.
How can the SR&ED program improve your bottom line? Use our online calculator to determine how much you could receive in tax credits.
Need a little support navigating the SR&ED program? We can help with our Comprehensive Guide to SR&ED.
Uncovering the little-known sectors that qualify for SR&ED.In this article, we discuss another sector that is sometimes overlooked in SR&ED: manufacturing (previously, we have discussed agriculture and medicine). Specifically, the CRA lists three types of Read more…
What happened with SR&ED in the third quarter (July to September) in 2022? Here, we discuss the updates. This post outlines Scientific Research and Experimental Development (SR&ED) program updates from July-September 2022, including administrative, policy, Read more…
The Canada Revenue Agency (CRA) released an Enforcement Notification on October 19, 2022, which stated that: Christopher Bernier, also known as Christopher-Maik Bernier (Bernier), of McDonalds Corners, Ontario, was sentenced on October 6, 2022, to a conditional jail sentence Read more…
It is common for SR&ED projects to involve work contracted to professionals outside the claimant’s company and 80% of these SR&ED contract expenditures may be claimed on the related SR&ED tax claim forms to increase Read more…
From 2015 to 2021 the five questions appeared in the Eligibility of Work for SR&ED Investment Tax Credits Policy. In late 2021, in an attempt to simplify the policies the CRA removed these questions from Read more…
On May 3, 2022, the Federal Court of Appeal ruled on a scientific research and experimental development (SR&ED) related case, National R&D Inc. v. The Queen (2022) and its implications regarding the use of the Read more…
On April 28, 2022, the Canada Revenue Agency (CRA) announced updates to the Prescribed Proxy Amount Policy, the SR&ED Claims for Partnerships Policy, and the SR&ED Investment Tax Credit Policy. These updates reflect the legislative Read more…
What happened with SR&ED in the second quarter (April to June) in 2022? Here, we discuss the updates. This post outlines Scientific Research and Experimental Development (SR&ED) program updates from April-June 2022, including administrative, policy, Read more…
On June 29, 2022, the Tax Court of Canada (TCC) released two Notices to the Public and the Profession. The first notice stated that they will continue accepting on a pilot project basis four types Read more…
