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.
On March 25, 2021, over 150 Scientific Research and Experimental Development (SR&ED) stakeholders participated in the 2021 SREDStakeholder webcast. A variety of topics were covered including SR&ED Medical issues, Technological Advancement (TA) in Patents, recent Read more…
Learn more about what the Taxpayers’ Ombudsperson can do for you. We have previously written about the process of filing a service-related complaint with the Canada Revenue Agency (CRA). However, there are instances where the CRA’s Read more…
On April 19, 2021, the Liberal government Deputy Prime Minister and Minister of Finance, the Honourable Chrystia Freeland, released the Federal Budget 2021. SR&ED in the Federal Budget – Prior Budgets This is the first Read more…
We often get asked what it’s like attending a Scientific Research and Experimental Development (SR&ED) review. While they are extremely rare for our clients, they sometimes happen. This post summarizes the insights from one of Read more…
Throughout the years we have helped a variety of taxpayers with their Scientific Research and Experimental Development (SR&ED) technical narratives. We have noticed common mistakes claimants, especially new claimants, make in their narratives. This post Read more…
The Canada Revenue Agency (CRA) recently released detailed guidance on how the Canada emergency wage subsidy (CEWS) affects scientific research and experimental development (SR&ED) investment tax credit (ITC) claims. CEWS is one of many COVID-19 Read more…
A recent legal ruling brought to light the issue of what happens when Scientific Research and Experimental Development (SR&ED) consultants and their clients do not agree. The answer is in the contract. This ruling highlights Read more…
Event Notification On March 25, 2021, 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 technological advancements and Read more…
We are often asked by our clients about taxable benefits and SR&ED. Are bonuses eligible? Retiring allowances? What other benefits can we include? In this article, we will examine taxable benefits and what they mean Read more…
