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.
On Thursday, February 11, 2021, the Manitoba Crop Alliance (MCA) held its inaugural Annual General Meeting (AGM) where it passed a pair of resolutions. One resolution named the MCA as the agent for producers for the Read more…
In December 2020, the Canada Revenue Agency (CRA) implemented changes to the Scientific Research and Experimental Development (SR&ED) form, the T661. The new version of the T661 form, the T661(20), is now in use, and Read more…
This post outlines SR&ED program updates from October-December 2020, including administrative, policy, tax law, and court cases. COVID-19 continued to dominate the country for the quarter, but many businesses and agencies have found a new Read more…
In this post, we’re going to go over the benefits of applying for the British Columbia interactive digital media tax credit (BC IDMTC). We will also be looking at why it is more beneficial to Read more…
It’s that time of year! With 2020 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 2021 for Read more…
Scientific Research and Experimental Development (SR&ED) investment tax credits (ITCs) may be carried backed to be applied to the prior year’s taxes or carried forward to be applied to future year’s taxes. Additionally, the pool Read more…
Scientific Research and Experimental Development (SR&ED) investment tax credits (ITCs) may be carried backed to be applied to the prior year’s taxes or carried forward to be applied to future year’s taxes. This post will Read more…
On November 26, 2020, the Canada Revenue Agency (CRA) announced updates to the SR&ED Filing Requirements Policy to reflect legislative changes which were made in light of the COVID-19 pandemic, in particular, extensions to Scientific Read more…
There is a little-known corporate structure available to help facilitate research and development (R&D): Non-Profit Corporations for Scientific Research and Experimental Development (Non-profit SR&ED corporations). These are separate from Non-Profit Organizations (NPOs). This post explores Read more…
