Value
Annual Impact: $3 billion in tax incentivesDescription
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
- Basic research
- Applied research
- 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
OngoingContact
Contact Name: Invest in Canada
Website: https://www.investcanada.ca/incentives-programs/scientific-research-and-experimental-development
