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Provincial R&D Tax Credits – Interactive Map

Unlike the federal Scientific Research and Experimental Development (SR&ED) tax credit rate which has stayed fairly consistent at 35% (for CCPCs), the provincial tax credits have seen multiple changes over the last two decades.

Given the nature and complexity of taxation procedures, the best way to capitalize upon the SR&ED program is to stay abreast of the changes in a timely fashion, so that the effects of the alterations can be accounted for while planning the following years’ business expenses and possible tax refunds. However, the CRA often makes this difficult by burying relevant information in mountains of jargon. To negate this inconvenience, we present an interactive map for our patrons and visitors – with updated information regarding the SR&ED tax credit rates in various provinces, along with qualifying details as and where required.

Summary of Provincial and Territorial R&D Tax Credit Rates Placeholder
Summary of Provincial and Territorial R&D Tax Credit Rates

Below is a brief summary of the information presented above. Please check the relevant portion on the map, or consult the CRA website for more details incl. any caps or special requirements.

Alberta

The Alberta scientific research and experimental development tax credit is administered by the Alberta Ministry of Finance and Enterprise and is refundable at the rate of 10% on up to $4 million in eligible expenditures of a qualified corporation, for a maximum credit of $400,000.

British Columbia

The British Columbia scientific research and experimental development tax credit is administered by the CRAand is refundable for CCPCs up to 10% of the expenditure limit (i.e., $3m x 10% = $300,000) and non-refundable otherwise at a rate of 10% of SR&ED qualified British Columbia expenditures.

Manitoba

The Manitoba research and development tax credit is administered by the CRA and is non-refundable at the rate of 20% on eligible expenditures incurred after March 8, 2005, and 15% on eligible expenditures incurred before March 9, 2005.

The credit is refundable for eligible expenditures after 2009 for corporations that work with eligible institutes in Manitoba.

New Brunswick

The New Brunswick research and development tax credit is administered by the CRA and is 15% Refundable on eligible expenditures incurred after December 31, 2002, and 10% Non-refundable on eligible expenditures incurred before January 1, 2003.

Newfoundland and Labrador

Research and development tax credit

The Newfoundland and Labrador research and development tax credit is administered by the Canada Revenue Agency (CRA) and is fully refundable at the rate of 15% of eligible expenditures.

Nova Scotia

The Nova Scotia research and development tax credit is administered by the CRA and is fully refundable at the rate of 15% of eligible expenditures.

Ontario

Ontario innovation tax credit (OITC)

The Ontario innovation tax credit is administered by the CRA after December 31, 2008, and is fully refundable at the rate of 10% of qualified expenditures.

Ontario business-research institute tax credit (OBRITC)

The Ontario business-research institute tax credit is administered by the CRA after December 31, 2008, and isfully refundable at the rate of 20% of qualified expenditures.

Ontario research and development tax credit (ORDTC)

The Ontario research and development tax credit (ORDTC) is administered by the CRA after December 31, 2008 and is non-refundable at the rate of 4.5% of eligible expenditures.

Ontario transitional tax debits and credits

The Ontario transitional tax debits and credits are administered by the CRA after December 31, 2008.

Quebec

For information with respect to Quebec’s R&D tax credits, please visit the provincial Web site at:
Scientific Research and Experimental Development – Quebec

Saskatchewan

The Saskatchewan research and development tax credit is administered by the CRA and is non-refundable at the rate of 15% for all eligible expenditures occurring before March 19, 2009, and refundable at the rate of 15% for all eligible expenditures occurring after March 18, 2009.

Yukon

The Yukon research and development tax credit is administered by the CRA and is refundable at the rate of 15% of eligible expenditures. An additional 5% is available on amounts paid or payable to the Yukon College.

 

Want more insight into SR&ED? Sign up for the Comprehensive Guide to SR&ED today.

Authors

This website is sponsored by:

The InGenuity Group

Working with SR&ED since 1986.

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