FOSTERING INNOVATION
Who is Eligible for SR&ED?
SR&ED benefits are available to businesses across a wide range of sectors, including IT, manufacturing, biotechnology, environmental technology, and more, offering valuable support to companies engaged in innovative research and development. The program is designed to foster growth and advancement by assisting businesses at every stage of the R&D process, from initial concept development and early-stage research to the final stages of commercialization.
By providing financial relief through refundable tax credits and incentives, SR&ED helps companies reduce the costs associated with R&D activities, empowering them to push the boundaries of technology and innovation while remaining competitive in a rapidly evolving market.
MEET REQUIREMENTS
To qualify for SR&ED program,
a few key conditions must be met:
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​​Eligible expenditures should include salary, subcontractor, or material costs directly linked to the SR&ED work.
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The work itself must qualify as SR&ED, addressing technological challenges or advancing knowledge.
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At least 90% of the claimed work must be conducted within Canada.
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Salary and subcontractor costs must be paid to Canadian entities with a SIN or BN.
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Claimed expenses must have been incurred within 18 months prior to the fiscal year-end of the SR&ED filing.
