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.
Many taxpayers wonder why they should use a scientific research and experimental development (SR&ED) consultant. Are they worth the money? Do they help or do you do all the work? Experienced SR&ED consultants can help Read more…
On October 5, 2020, the Court of Quebec delivered a ruling on a Scientific Research and Experimental Development (SR&ED) investment tax credit (ITC) appeal. In the case of MDA Systems Ltd. c. Agence du Revenu Read more…
Political parties are putting out their position statements about economic policy in relation to the 44th federal election, which is September 20th, 2021. This article summarizes what has been disclosed by the remaining parties: New Read more…
While rumours swirl about a fall election, political parties are putting out their position statements about economic policy. On Wednesday, September 1, 2021, the Liberal Party released their platform “Forward For Everyone” which included promises Read more…
We are often asked by our clients if their Scientific Research & Experimental Development (SR&ED) refund is considered taxable income. In this article, we will look at what your SR&ED refund is, the definition Read more…
While rumours swirl about a fall election, political parties are putting out their position statements about economic policy. On August 11, 2021, The Honourable Erin O’Toole, leader of Canada’s Conservatives revealed his plan for innovation Read more…
This post outlines SR&ED program updates from April-June 2021, including administrative, policy, tax law, and court cases. Covid-19 continued to be a factor in the country for the quarter but with increasing vaccinations and decreasing Read more…
The Tax Court of Canada announced an update to their in-person hearings on June 1, 2021, in a Notice to the Public and the Profession. It was announced on June 1, 2021, that in light Read more…
On August 13, 2021, the Canada Revenue Agency (CRA) announced a new scientific research and experimental development (SR&ED) policy document: Guidelines on the eligibility of work for scientific research and experimental development (SR&ED) tax incentives. Read more…
