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.
When applying to the Canada Revenue Agency for Scientific Research & Experimental Development (SR&ED) investment tax credits, the information you provide in each section can ultimately decide its fate in the hands of a discerning Read more…
The Strategic Aerospace and Defence Initiative (SADI) and SR&ED One program related to Scientific Research and Experimental Development (SR&ED) is the Strategic Aerospace and Defence Initiative (SADI). Both programs are designed to encourage research and Read more…
Filling out Line 620 and Line 622 is necessary to indicate what you are claiming for SR&ED: basic or applied research, or technological development. In the CRA’s definition of SR&ED, basic research, applied research and Read more…
It’s that time of year! With 2019 winding down, SR&ED Education and Resources will be going on a brief holiday hiatus while we gear up for what is sure to be an eventful 2020 for Read more…
Clevor Technologies Inc. v. The Queen: Implications for Software and SR&ED On August 14, 2019, the Tax Court of Canada (TCC) delivered a ruling on a software-related Scientific Research and Experimental Development (SR&ED) investment tax Read more…
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…
