The Scientific Research & Experimental Development (SR&ED) Tax Credit is a federal tax incentive administered by the Canada Revenue Agency (CRA) since 1986. Its purpose is to encourage Canadian businesses of all sizes and in all sectors to conduct research and development in Canada. SR&ED, along with IRAP, are among highly sought-after government funding programs in Canada.

Funding is provided as a tax credit to reduce income tax payable. In some instances, SRED tax credit rates may be fully or partially refundable, resulting in a cash reimbursement. The following infographic by RDP Associates puts on display various provincial rates that Canadian Controlled Private Corporations (CCPC) as well as non-CCPC entities can get on their R&D expenditures.

Contact us for a complementary assessment of your SR&ED eligibility
and return on your R&D investments.