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SR&ED Program
The SR&ED program is a federal tax incentive program, administered by the
Canada Revenue Agency (CRA), that encourages Canadian businesses of all
sizes, and in all sectors to conduct research and development (R&D) in Canada.
It is the largest single source of federal government support for industrial R&D.
The Canadian government reimburses $4 billion annually to SR&ED applicants.
Canada Revenue Agency (CRA), that encourages Canadian businesses of all
sizes, and in all sectors to conduct research and development (R&D) in Canada.
It is the largest single source of federal government support for industrial R&D.
The Canadian government reimburses $4 billion annually to SR&ED applicants.
The SR&ED program gives claimants cash refunds and/or tax credits for their
expenditures on eligible R&D work done in Canada.
expenditures on eligible R&D work done in Canada.
Eligible Activities Include:
-
Experimental development to achieve technological advancement to create
new materials, devices, products, or processes, or improve existing ones; -
Applied researchto advance scientific knowledge with a specific practical
application in view; -
Basic research to advance scientific knowledge without a specific practical
application in view; and -
Support work in engineering, design, operations research, mathematical
analysis, computer programming, data collection, testing, or psychological
research, but only if the work is commensurate with, and directly supports,
the eligibleexperimental development, or applied or basic research.
Typical refunds received by claimants are upwards of $0.68 for every $1.00
spent on eligible activities.
*Refunds vary by province.
