Scientific Research and Experimental Development (SR&ED) Tax Incentive Program. Other corporations

The Scientific Research and Experimental Development (SR&ED) program is a federal tax incentive program to encourage Canadian businesses of all sizes and in all sectors to conduct research and development (R&D) in Canada that will lead to new, improved, or technologically advanced products or processes.

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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