WHat is SR + ED?

The SR&ED program represents the largest single source of government R&D funding to Canadian industries. It is a highly respected initiative of the Canadian government designed to encourage and reward Canadian companies who develop new technologies and/or processes. It is administered by CRA and usually includes provincial government contribution.

Further information on the SR&ED program can be found at CRA’s webpage: www.CRA.gc.ca

SR&ED Facts, It's your business to know...

CRA estimates that Canadian companies claim less than half of their available tax credits
Claimants can apply for SR&ED investment tax credits for expenditures such as wages, materials, lease/purchase of equipment, overhead, and R&D contractor expenses
SR&ED includes Research & Development but also routine work that supports R&D
SR&ED tax credits can equal 41.5% of your total research expenditures
Non refunded tax credits can be used to pay taxes over a 10 year window
You must apply for tax credits within 18 months after the end of your fiscal period