BusinessTax Creditstax credit
SR&ED Tax Credit
Earn up to 35% refundable tax credit on qualifying R&D expenditures.
Amount
Up to 35% of eligible R&D expenses
Deadline
Within 18 months of fiscal year-end
Provinces
All of Canada
About This Program
The Scientific Research and Experimental Development (SR&ED) program is the largest single source of federal government support for industrial R&D. It provides tax incentives to Canadian businesses that conduct R&D in Canada, allowing them to claim a tax credit on eligible expenditures.
Eligibility Requirements
- 1Canadian-controlled private corporation (CCPC)
- 2Conducting systematic R&D activities in Canada
- 3Technological uncertainty must exist
- 4Work must advance scientific knowledge or technology
How to Apply
- 1Document your R&D activities throughout the year
- 2Complete Form T661 (SR&ED Expenditures Claim)
- 3File with your corporate tax return (T2)
- 4Consider hiring an SR&ED consultant for complex claims
Official Resources
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