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.
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…
Event Notification On May 9th SR&ED Stakeholder will be broadcasting their virtual webcast on SR&ED topics. Of particular interest to SR&ED claimants and preparers will be the sessions relating to new CRA directives and the Read more…
In August 2012, the Department of Finance and the Canada Revenue Agency (CRA) jointly launched a discussion paper entitled Consultation Regarding The Impact of Contingency Fees on The Effectiveness of the Scientific Research and Experimental Development Read more…
If you’ve applied for, or even just heard about the SR&ED tax credit you will be familiar with the five eligibility questions. These are the criteria by which the CRA determines whether or not Read more…
Budget season is here. Following shortly after the federal budget which announced small changes that will increase the refunds for large, profitable firms the Ontario government has made an announcement which, on face value, Read more…
