How much funding can be received?

Funds up to 10% of admissible expenses, capped at $3000000 per project.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the BC Scientific Research & Experimental Development Tax Credit?

BC Scientific Research & Experimental Development Tax Credit is funded by BC Ministry of Finance, Government of British Columbia

What are BC Scientific Research & Experimental Development Tax Credit's eligibility criterias?

Qualifying corporation with a permanent establishment in British Columbia Expenditures incurred for SR&ED in B.C. before September 1, 2027 Only Canadian-controlled private corporations (CCPCs) eligible for refundable credit

BC Scientific Research & Experimental Development Tax Credit

Last Update: April 28, 2025

BC, Canada

Tax credit for R&D in British Columbia

BC Scientific Research & Experimental Development Tax Credit at a glance

Eligible Funding

Max. $3,000,000
Up to 10% of project cost

Timeline

Continuous Intakes

Financing Type

Tax Credits

Eligible Industries

Professional, scientific and technical services

Grant Providers

BC Ministry of Finance
Government of British Columbia

Status

Open

Overview of the BC Scientific Research & Experimental Development Tax Credit program

Tax credit of 10% for scientific research and experimental development expenditures in British Columbia. Refundable for expenditures under $3 million.

Financing terms and conditions

Refundable tax credit of 10% of the lesser of the corporation's qualified SR&ED expenditures for the year or the expenditure limit (generally $3 million).
Non-refundable tax credit of 10% for expenditures exceeding the expenditure limit, or for qualifying corporations not eligible for the refundable credit, calculated as 10% of qualified expenditures less the refundable credit and any amount renounced that year.
Unused non-refundable credits can be carried back 3 years or forward 10 years.

Eligible projects & activities

Projects involving scientific research conducted in British Columbia.
Experimental development activities aimed at technological advancement or innovation in B.C.

Examples of admissible projects:

$ 180,000

Creating AI algorithms for predictive maintenance in manufacturing plants

$ 30,000

Researching cutting-edge biotechnology for medical diagnostics

$ 27,000

Developing an advanced waste-water treatment system for urban areas

$ 200,000

Development of a novel biodegradable packaging solution for the food industry

$ 22,000

Creating an innovative mobile app for improving mental health

$ 250,000

Innovating sustainable energy solutions for remote communities

Eligibility criteria of the BC Scientific Research & Experimental Development Tax Credit program

The applicant must be a corporation with a permanent establishment in British Columbia.
The corporation must carry out scientific research and experimental development (SR&ED) activities within British Columbia.
The credit can be claimed by Canadian-controlled private corporations (CCPCs) or other qualifying corporations.
Eligible expenditures must be incurred before September 1, 2027.

Who is eligible?

Qualifying corporations with a permanent establishment in British Columbia
Canadian-controlled private corporations (CCPCs) conducting scientific research and experimental development (SR&ED) in British Columbia
Other qualifying corporations (not CCPCs) carrying out SR&ED in British Columbia
Active members of partnerships that are qualifying corporations with SR&ED activities in British Columbia

Eligible expenses

Qualified expenditures related to scientific research and experimental development (SR&ED) activities carried out in British Columbia.

Eligible geographic areas

Corporations with a permanent establishment in British Columbia.

How to apply to the BC Scientific Research & Experimental Development Tax Credit program

Verify Eligibility

Ensure that your corporation qualifies as a Canadian-controlled private corporation (CCPC) engaged in SR&ED in B.C. before the applicable date.
Review the eligibility requirements in the bulletin, British Columbia Scientific Research and Experimental Development Tax Credit (CIT 007).

Gather Documentation

Collect all necessary documents related to SR&ED expenditures, including financial statements and technical reports, for the tax year.

Complete Forms

Fill out the British Columbia Scientific Research and Experimental Development Tax Credit (T666) form.
Prepare your T2 Corporation Income Tax Return, including Schedule 5, Tax Calculation Supplementary – Corporations.

Claim Credit in Tax Return

Enter the refundable credit amount on line 674 of Schedule 5.
Enter the non-refundable credit amount on line 659 of Schedule 5.

Submit Tax Return

Submit your completed T2 Corporation Income Tax Return and the T666 form to the Canada Revenue Agency (CRA).

Meet Deadlines

Ensure that the claim is made no later than 18 months after the end of the tax year in which the qualified expenditures were incurred.

Additional information

If property used in SR&ED is sold or converted to commercial use within 10 years, a recapture of credits previously claimed may be required.
Active partners in partnerships may claim a share of the partnership’s non-refundable credit if they are qualifying corporations.
Questions regarding the credit can be directed to designated government contacts via phone or email.
The British Columbia Income Tax Act, Part 6, outlines legislative requirements for this tax credit program.