SR&EDservice

Scientific Research and Experimental Development 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.

Highlights:

  • The SR&ED Program gives claimants cash refunds and / or tax credits for their R&D expenditures on eligible R&D work done in Canada.
  • The SR&ED program is most generous program in G-8 nations that provide indirect support to conduct R&D in Canada. Any size business can make a claim and there is no cap.
  • Canadian companies can recover up to 68% of the R&D costs.
  • The SR&ED program accounts for about 25% of federal R&D grants and tax credits.
  • The SR&ED program provide about $3.5billion in tax credits to 24,000 claimants every year.
  • About 70% of the claimants are small and medium size business who are eligible for refundable tax credits.

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