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.
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…
On November 5, 2020, Ontario’s 2020 provincial budget was released, Ontario’s Action Plan: Protect, Support, Recover. This budget includes tax supports for struggling businesses and families due to the COVID-19 pandemic and also includes adjustments to Read more…
To the CRA, materials that can be claimed for SR&ED are all the raw materials, substances, or other things that make up the body of the claimed SR&ED during the SR&ED process.1 But what about Read more…
This post outlines SR&ED program updates from July-September 2020, including administrative, policy, tax law, and court cases. COVID-19 continued to dominate the country for the quarter, but slowly things began to reopen. We have identified Read more…
Many software companies follow the format for the Plan, Do, Check, Act (PDCA). Unfortunately, this alone does not satisfy the definition of the scientific method. This article looks at PDCA and how a recent ruling Read more…
**This article has been updated on September 15, 2020, to include the most recent information on the CEWS program. Please work with a professional to ensure you are accessing the most recent information.** On June Read more…
When preparing an SR&ED claim for a project, it is generally advisable to start by putting every detail of the project to paper. This shows the entire scope of your process and makes it easier Read more…
The Canada Revenue Agency’s (CRA) T4088 1 — the guide to the T661 form used to claim the Scientific Research & Experimental Development (SR&ED) tax credit — says the following under the heading “Supporting the Read more…
Background to Stories of Survival CATA (Canadian Advanced Technology Alliance) has been sharing the stories of Canadian tech innovators weathering the COVID-19 pandemic in a series called “Stories of Survival from Canada’s Tech Innovators.” They Read more…
