Scientific Research and Experimental Development (SR&ED) Tax Incentives
Tax creditCanada — federal
The SR&ED tax incentives encourage Canadian businesses to conduct research and development by allowing corporations, individuals, trusts, and partnerships to claim a deduction against income or earn an investment tax credit (ITC) for eligible R&D work and expenditures.
What you'll need
- Documentation of eligible R&D work performed
- Records of eligible expenditures
- Project descriptions grouping work into SR&ED projects
- Income tax return for the year
- Supporting technical documentation