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 the largest single source of federal government support for industrial R&D.
Claimants can apply for SR&ED investment tax credits for expenditures such as wages, materials, machinery, equipment, some overhead, and SR&ED contracts.
It should be noted that the CRA is responsible for administering the SR&ED Program, while the Department of Finance is responsible for the legislation that governs it.
To receive emails about our revised policies and claim forms, and information on upcoming general and sector-specific seminars, please subscribe to our electronic mailing list.
To ensure that your claim is processed in a timely manner, the SR&ED Program has established service standards that we are committed to meet.
This table tracks the progress of outstanding federal draft legislation and highlights legislation that received Royal Assent within the past year, amending the Income Tax Act, which impacts on the SR&ED Program.