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.
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…
We are often asked by our clients if there is a maximum Scientific Research and Experimental Development (SR&ED) refund that can be claimed. This is a great question and like most topics related to SR&ED, Read more…
The pool of deductible SR&ED expenditures can cause quite a bit of confusion for SR&ED applicants. If utilized properly the balance within the pool may be useful in reducing the income claimed within the taxation Read more…
The numerous and detailed SR&ED-related policies can be overwhelming, therefore, in an effort to make the inner workings of the SR&ED program understandable and straightforward we have examined some of these policies and summarized them Read more…
The numerous and detailed Scientific Research and Experimental Development (SR&ED) related policies can be overwhelming. In an effort to make the inner workings of the SR&ED program more understandable we have examined some of these Read more…
