Scientific Research and Experimental Development (SR&ED) Tax Credits
This is the largest tax credit program for technology development in Canada. It is used by more than 20,000 businesses and distributes annually at least $3 billion in tax credits at the federal level, and several hundred million dollars at the Quebec level.
The Canada Revenue Agency (CRA) is responsible for administering the program at the federal level. Several provinces, including Quebec and Ontario, also offer similar incentive programs for investing in research and development. Each government has its own methods and credit rates. Only the CRA has the staff to assess the technical eligibility of projects for SR&ED.
In Quebec, the SR&ED tax credit is called the CRIC (Crédit d’impôt pour la recherche, l’innovation et la commercialisation). The CRIC represents a small broadening of eligible activities compared to the SR&ED Tax Credit. To be eligible for the CRIC Tax Credit, pre-commercialization activities must be a continuation of R&D work carried out in Quebec by the company or on its behalf.
The Opportunity
Any company developing technology in Canada can benefit. See the opportunity the SR&ED Tax Credit represents for you :
Lucrative Tax Credit
The SR&ED Tax Credit is very lucrative; refunds can reach up to 73% of eligible salaries.
Increases Your Profitability
How many sales do you need to generate to make $100 after tax? Tax credits mean net money after tax.
Tax credits and subsidies reduce your costs and increase the profitability of your projects.
Staying Competitive
Your competitors are already taking advantage of this opportunity, why not you?
The Challenges
Complexity
This is the most complex tax incentive program, especially for a new SR&ED claimant.
Scientific Progress, Not Innovation
The SR&ED program is heavily focused on the scientific method, rather than innovation.
R&D Action is the solution to these challenges.
Delivery Service
R&D Action provides a turnkey delivery that covers the entire process, for all these services, including :
- Identifying and validating eligible projects
- Preparing the application (documents, activities, costs, and tax forms)
- Defending the claim with the authorities
- Cashing in your claim
- Train and support your SR&ED resources
- Implementing best practices
Ask an expert
Contact us for a personalized consultation today.
See other programs of interest? Our team is composed of experts from all technological fields. We will adapt and understand these measures to process your claims.
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