The Scientific Research & Experimental Development (SR&ED) tax credit is Canada’s most popular R&D funding program. Last year, this program provided over $3.4B to over 22,000 companies. We know that this program can seem complicated for first-time claimers so we attempted to simplify it into an easy-to-read infographic.
If you have any questions, please get in touch with us. We are more than happy to explain the program in more detail for your unique needs.
Want to know how quickly you can get your SR&ED claim processed? The CRA just updated their SR&ED Service Standards from April 1 to September 30, 2014 so you have a better understanding of how long your claim will take, on average.
How does the Canada Revenue Agency (CRA) determine whether or not your project meets the Scientific Research & Experimental Development (SR&ED) specifications?
The Canadian Government provides over $7 billion in funding to innovative companies every year. And yet many companies have not taken advantage of these programs.