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 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…
This post outlines SR&ED program updates from April-June 2020, including administrative, policy, tax law, and court cases. COVID-19 dominated the entire country for the quarter. We have identified some key trends to watch in the Read more…
Government operations are starting to slowly reopen and resume functioning amid Covid-19, including the Tax Court of Canada (TCC). With the help of the official TCC notices and Practice Directions, we have put together the Read more…
On July 22, 2020, Premier Jason Kenney, Finance Minister Travis Toews, and Economic Development, Trade and Tourism Minister Tanya Fir revealed the Innovation Employment Grant for Alberta during a news conference. This post summarizes the Read more…
Canadian Advanced Technology Alliance (CATA) recently began a series on “Stories of Survival from Canada’s Tech Innovators” and the first corporation they featured is FluroTech. The article can be found here: FluoroTech: Stories of Survival Read more…
One question we have received from clients is, “Does my technical narrative for my SR&ED claim count as public disclosure for patents?” The short answer is no, it does not! In this post, we will Read more…
SREDucation.ca is on social media updating you on SR&ED on LinkedIn®, Facebook®, and Twitter®. We have launched SR&ED Education and Resources on social media platforms. You can find us on LinkedIn®, Facebook®, and Twitter® where Read more…
One question we frequently get asked is: “Can I claim costs for IT (e.g. computer, printer, software, servers etc.) as eligible SR&ED expenses?” Unfortunately, the short answer is no, as IT costs are considered to Read more…
Quality Control and Routine Testing are excluded from SR&ED claims because work of this nature does not result in technological advancements. The Eligibility of Work for SR&ED Investment Tax Credits Policy1, lists some exclusions for Read more…
