One of the most generous tax incentive regimes among the industrialized countries for Scientific Research and Experimental Development, the SR&ED Tax Credit Program is Canada's leading single source of Federal Government support for research and development. 

Used by over 14,000 companies each year, the program provides refunds and/or tax credits exceeding $1.8 Billion annually. Of this amount, over 70% of refunds are directed towards small to medium sized businesses.

SR&ED refers to the Canadian Governments “Scientific Research & Experimental Development” Program. It is an incentive program that rewards companies of any size for conducting research and development activities in Canada.

 

What types of businesses qualify?
• Canadian Controlled Private Corporations
• Canadian Proprietorships
• Canadian Partnerships
• Canadian Trust Companies
• Other Canadian Corporations (International Companies)

 

What type of work qualifies?
• Basic Research
• Applied Research
• Experimental Development
• Technical Support Work

 

What type of work does not qualify?
• Market research and sales promotion
• Routine testing and quality control of materials, devices or processes
• The commercial production of new or improved materials, devices or products
• The commercial use of new processes
• Style changes and routine data collection
• Research in the social sciences or humanities
• Prospecting, exploring or drilling, for, or producing minerals, petroleum or natural gas