SR&ED tax credits
The objective of the Scientific Research and Experimental Development (SR&ED) Program is to encourage Canadian companies of all sizes and in all sectors to conduct research and development in Canada. By using this program, your business could benefit from an income tax deduction, an investment tax credit (ITC), and even in some cases, a refund of tax.
Even today, many companies are unaware of the existence or the criteria of the programs. This is why we are explaining what it consists of and who can apply for federal and provincial tax credits.
“SR&ED tax incentives not only help claimants, it also betters society by encouraging innovation, technological advancements, and the pursuit of scientific and technological knowledge, discoveries and ideas that may lead to Canadian economic growth and competiveness. "
Canada Revenue Agency
To be eligible, research work must focus on:
Pure research : a project providing new scientific knowledge without a vision of concrete application.
Applied research : project providing new scientific knowledge but with a view to concrete application.
Experimental development : project with the objective of technological advancement.
The eligible expenses on which your business would be able to obtain a tax credit are salaries, materials used and subcontracting expenses.
Contact us to validate if your activities may be eligible for an SR&ED tax credit
Your project may also be eligible for Development of e-business credits or multimedia titles.