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.
The SR&ED Tax Credit program is the single largest source of R&D funding in Canada: over $3 billion in tax incentives are distributed annually 1. The program supports Canadian businesses by encouraging industrial research and Read more…
The T661 Scientific Research and Experimental Development (SR&ED) Investment Tax Credit application form requires that you enter in the names of the key individuals involved in the experiments or analysis of your claimed project in Read more…
Trends in SR&ED in Q1 of 2019 The first quarter of 2019 was relatively quiet in relation to SR&ED and the CRA. There were no major program or policy changes announced and all of Read more…
When filling out the Canada Revenue Agency’s Scientific Research & Experimental Development (SR&ED) application form, you’ll note that you must enter both the beginning and end dates of your project. This information will be input Read more…
Naming the contractors who performed your claimed SR&ED work on your T661 Scientific Research and Experimental Development (SR&ED) Investment Tax Credit application form can be tricky business. Failing to understand the CRA’s requirements of a Read more…
When preparing a T661 for submission to the Canada Revenue Agency as part of your Scientific Research & Experimental Development (SR&ED) investment tax credit application, Line 244 is the largest part of what is colloquially Read more…
When applying to the Canada Revenue Agency for Scientific Research & Experimental Development (SR&ED) investment tax credits, the title you give your SR&ED project can ultimately decide its fate in the hands of a discerning Read more…
In this article, we discuss which fields of science and technology are – and are not – eligible for SR&ED. It is very important that claimants understand the eligibility criteria for the SR&ED tax credits. Read more…
The SR&ED Tax Credit program is the single largest source of R&D funding in Canada: over $3 billion in tax incentives are distributed annually 1. The program supports Canadian businesses by encouraging industrial research and Read more…
