At a glance
Scientific Research and Experimental Development (SR&ED) Tax Incentive is a federal entitlement grant from Canada Revenue Agency for the r&d tax relief sector. Funding: Investment tax credit on qualifying R&D expenditure. Eligible applicants: Businesses of any size carrying out qualifying SR&ED work in Canada. Canadian-controlled private corporations may qualify for the enhanced refundable rate. See the official CRA guidance for the qualifying-work tests. Applications are accepted on a rolling basis. Apply via the official listing at www.canada.ca.
- Amount
- Investment tax credit on qualifying R&D expenditure
- Deadline
- Rolling
- Type
- Entitlement
- Status
- Open
About this program
Scientific Research and Experimental Development (SR&ED) tax incentives - Canada.ca 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. SR&ED program resources Policies and guidelines Forms and publications Support services and tools Provincial and territorial R&D tax credits Reporting and sharing Annual p...
Who can apply
Businesses of any size carrying out qualifying SR&ED work in Canada. Canadian-controlled private corporations may qualify for the enhanced refundable rate. See the official CRA guidance for the qualifying-work tests.
How to apply
Claimed through the corporation's T2 income tax return with Form T661, normally within 18 months of the tax year end.
Apply at official source