Scientific Research and Experimental Development (SR&ED) tax incentives

The Scientific Research and Experimental Development (SR&ED) tax incentives are intended to encourage businesses to conduct research and development in Canada.

Corporations, individuals, trusts, and partnerships that conduct eligible work may be able to claim SR&ED tax incentives for the year.

There are 2 tax incentives:

• Claim a deduction against income
• Earn an investment tax credit (ITC)

To benefit from the incentives, you must link your eligible work to expenditures you can claim.

Claimants should submit their SR&ED claim with their income tax return for the year.

• The SR&ED program is a federal tax incentive program administered by the Canada Revenue Agency (CRA). It is the largest single source of federal government support for industrial R&D.
• The benefits of the Scientific Research and Experimental Development (SR&ED) tax incentive Program are twofold. First, it lets you deduct SR&ED expenditures from your income for tax purposes. Second, it provides you with an SR&ED investment tax credit (ITC) that you can use to reduce your income tax payable calculated under Part I of the Income Tax Act, if any. In some cases, the remaining ITC can be refunded.

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