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.
The Canada Revenue Agency’s (CRA) T4088 1 — the guide to the T661 form used to claim the Scientific Research & Experimental Development (SR&ED) tax credit — says the following under the heading “Supporting the Read more…
Background to Stories of Survival CATA (Canadian Advanced Technology Alliance) has been sharing the stories of Canadian tech innovators weathering the COVID-19 pandemic in a series called “Stories of Survival from Canada’s Tech Innovators.” They Read more…
To highlight how Canadian tech innovation has been hit by COVID-19, the Canadian Advanced Technology Alliance (CATA) has started “Stories of Survival from Canada’s Tech Innovators.” They recently published the next in their series about Read more…
In this post, we walk through eligibility of certain costs related to drilling for Scientific Research and Experimental Development (SR&ED) claims, based around a recent Tax Court of Canada case, ExxonMobil Canada Ltd. v. The Read more…
The technical narrative section of an SR&ED claim is the most important part. This shows the entire scope of your development and experimentation process. Technical narratives may take some time, however, crafting them well will Read more…
Recently, we sent a letter of support to the Canadian Advanced Technology Alliance (CATA) in proposing the Resilience and Rebound fund to provide interest-free, partially forgivable loans to innovative companies who have previously worked on Read more…
As the Tax Court of Canada (TCC) reopens, questions remain regarding new procedures and protocols. The TCC closure prevented the court from hearing over 1,000 hearings, causing backlog and delays.1 The fast-track settlement and preliminary Read more…
The Canada Revenue Agency (CRA) recently announced that they have received royal assent for a time limit extension on Scientific Research and Experimental Development (SR&ED) reporting deadlines due to the difficulties imposed by COVID-19. On Read more…
In 2019, there were sixteen legal rulings that dealt with scientific research and experimental development (SR&ED). In this post we will do an analysis of the legal rulings and how lessons learned from others can Read more…
