Claim up to 64% of R&D Costs

Scientific Research & Experimental Development (SR&ED, pronounced "shred") is a Canadian tax incentive program that rewards Canadian companies for technical work that requires experimentation to the benefit of Canadians, even outside of a specifically scientific setting. Broadly speaking, SR&ED funds are administered through a refundable tax credit that significantly offsets the financial cost of innovation.

Your research will not qualify for SR&ED incentives if:

• Your project is being conducted from outside Canada
• Your project results will be sold/licensed exclusively to a foreign parent with no benefit retained in Canada
• Your entity is a tax-exempt corporation, charity, or public institution (i.e., pays no Part I tax)
• The research was conducted in a fiscal year that ended more than 18 months ago
• The work is purely marketing, sales, routine QA/QC, cosmetic design, data entry, or content creation
• The sole purpose of the project was to duplicate an existing commercial product/process without any technological advancement
• The project is driven solely by style or cosmetic changes (look-and-feel, branding, colour swaps) with no underlying technological problem
• The project relies only on commercial off-the-shelf tools with no custom algorithm, formulation, re-engineering for applications outside it’s normal use case, or process change
• The project involves prospecting, exploring or drilling for— or producing— minerals, petroleum, or natural gas rather than developing new technology to do so
• The work is nothing more than the commercial production or normal use of a new or improved material, device, product, or process (i.e., you’re already in full-scale manufacturing)
• The proposed activities are limited to routine data collection (surveys, logging, instrumentation with no attempt at advancement)

If none of the above points apply to your research, you will likely be eligible to capture SR&ED incentives.

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