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Scientific Research and Experimental Development

Value

Annual Impact: $3 billion in tax incentives

Description

Scientific Research and Experimental Development is for companies of any size that invest in research and development (R&D) in Canada can take advantage of the Scientific Research and Experimental Development (SR&ED) tax incentive program, Canada’s largest R&D program.

Eligible Applicants

  • Canadian-controlled private corporations (CCPC)
  • Other private corporations
  • Individuals and trusts, and
  • Members of partnerships

Eligible Expenses

Eligible R&D Projects:

  • Address a technological or scientific uncertainty
  • Address, or attempt to address, a technological advancement, and
  • Use a systematic investigation or search

Types of SR&ED Tax Incentives

  1. Basic research
  2. Applied research
  3. Experimental development

These tax incentives come in two forms:

  • Income tax deduction
  • Investment tax credit, which may be applied against income taxes payable in the current year, in a prior year, or may carried forward to a future year. In some cases, the credit may be refundable.

Deadline Date

  Ongoing
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