BC Scientific Research & Experimental Development Tax Credit
grant_single|update April 28, 2025
BC, Canada
Tax credit for R&D in British Columbia
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Tax Credits
grant_single|eligibleIndustries
- Professional, scientific and technical services
grant_single|grantors
- BC Ministry of Finance
- Government of British Columbia
grant_single|status
grant_card_status|open
grant_single_labels|preview
Tax credit of 10% for scientific research and experimental development expenditures in British Columbia. Refundable for expenditures under $3 million.
grant_single_labels|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.
grant_single_labels|projects
- Projects involving scientific research conducted in British Columbia.
- Experimental development activities aimed at technological advancement or innovation in B.C.
grant_single|admissibleProjectsExample
$ 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
grant_single_labels|admissibility
- 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.
grant_eligibility_criteria|who_can_apply
- 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
grant_eligibility_criteria|eligible_expenses
- Qualified expenditures related to scientific research and experimental development (SR&ED) activities carried out in British Columbia.
grant_eligibility_criteria|zone
- Corporations with a permanent establishment in British Columbia.
grant_single_labels|apply
1
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).
2
Gather Documentation
Collect all necessary documents related to SR&ED expenditures, including financial statements and technical reports, for the tax year.
3
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.
4
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.
5
Submit Tax Return
Submit your completed T2 Corporation Income Tax Return and the T666 form to the Canada Revenue Agency (CRA).
6
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.
grant_single_labels|otherInfo
- 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.
grant_single_labels|contact
itbtaxquestions@gov.bc.ca
1-877-387-3332
Apply to this program
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