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.
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…
No, government support doesn’t mean you will get less government funding! We are often asked by clients if accepting government support means that their scientific research and experimental development (SR&ED) investment tax credit (ITC) will Read more…
COVID-19 has impacted processing SR&ED claims at the Canada Revenue Agency (CRA), but today SR&ED filers received great news! The CRA announced on their website that: The Scientific Research and Experimental Development (SR&ED) Program is Read more…
One of the recent legal rulings related to SR&ED was Béton Mobile du Québec Inc. c. La Reine (2020). We were invited to present our thoughts at the recent SR&ED Stakeholders meeting. In this post, Read more…
The Canadian Advanced Technology Alliance (CATA) calls on feds to protect Canadian taxpayer $36B annual innovation investment and endowment, the Resilience Rebound Emergency (RRE) Program, a proposed new program. Canadian Tech Businesses There are 13,000 Read more…
What is a “specified employee” in SR&ED, and how does the understanding of this term impact an SR&ED claim? Small businesses account for just under 98 percent of all firms in Canada,1 and a 2005 Read more…
In an update posted on 28 May 2020, the Canada Revenue Agency (CRA) announced changes to collections, audits, objections, and appeals due to COVID-19. In this post, we will summarize those changes. At this time Read more…
This OpEd is provided courtesy of the CATA Alliance. For additional information please visit their website https://cata.ca/ and our prior piece on their work. Canadian Government Hesitation To Significantly Support The Technology Sector Will Cost Read more…
On 19 May 2020, the Department of Justice released “Draft Legislative Proposals Regarding Time Limits and Other Periods in Circumstances Due to COVID-19“, also known as “Time Limits and Other Periods Act”. In this post, Read more…
