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.
In the Canada Revenue Agency’s T661 SR&ED Tax Claim form, you’re asked to chart your technical narrative, beginning with your encounter with uncertainty. In Line 242, the T661 asks what “scientific or technological uncertainties did Read more…
The Canada Revenue Agency’s Scientific Research and Experimental Development Tax Credit program requires you to fill out an application regarding your claimed project so you can receive your tax credit. While other sections of the Read more…
By now, you know you can avoid SR&ED stress by keeping clear, contemporaneous records of your claimed project. This is no different when filling out Lines 600 to 618. In Section 7, the CRA asks Read more…
In this blog post, we discuss the cancellation of the SR&ED tax credit incentive program in Alberta’s 2019 budget released on October 24th and the reactions illustrated in the media. While some commentators have voiced Read more…
This post outlines the updates to the program from July to September 2019, including administrative, policy, tax law, and court cases. We have identified some key trends to watch in the SR&ED environment. Administrative, Read more…
SR&ED and the Press The press has not always been kind to the SR&ED program. Since it is a government program distributing billions of taxpayer dollars, the media is quick to point out any Read more…
The SR&ED Tax Credit program is the single largest source of R&D funding in Canada: over $3 billion in tax incentives are distributed annually 1. The program supports Canadian businesses by encouraging industrial research and Read more…
The T661 Scientific Research and Experimental Development (SR&ED) Investment Tax Credit application form requires that you enter in the names of the key individuals involved in the experiments or analysis of your claimed project in Read more…
When filling out the Canada Revenue Agency’s Scientific Research & Experimental Development (SR&ED) application form, you’ll note that you must enter both the beginning and end dates of your project. This information will be input Read more…
