Business Relief: R&D Tax Incentive Programs

CRA administers the Scientific Research and Experimental Development (SR&ED) Tax Incentive Program for participating provinces. This program encourages innovation in business by means of refunds and tax credits for research and development work conducted in Canada. A summary of provincial SR&ED tax credits has recently been posted on the CRA website.

Businesses of all sizes may qualify for these incentives. Eligible projects may include experimental development to create new products or technologies or improve existing ones, and basic or applied research. Work that supports these endeavors qualifies as well. Free public information sessions are being conducted across Canada. You can consult CRA for registration details and general information on the SR&ED Tax Incentive Program.

ADDITIONAL EDUCATIONAL RESOURCES: