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.

BC Scientific Research & Experimental Development Tax Credit

BC, Canada

Tax credit for R&D in British Columbia

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Tax Credits

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Professional, scientific and technical services

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Government of British Columbia
Ministry of Finance (BC)

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

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$200,000

Vancouver

Development of a novel biodegradable packaging solution for the food industry.

$180,000

Burnaby

Creating AI algorithms for predictive maintenance in manufacturing plants.

$250,000

Surrey

Innovating sustainable energy solutions for remote communities.

$30,000

Vancouver

Researching cutting-edge biotechnology for medical diagnostics.

$27,000

Kelowna

Developing an advanced waste-water treatment system for urban areas.

$22,000

Victoria

Creating an innovative mobile app for improving mental health.

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Canadian-controlled private corporations (CCPCs) conducting SR&ED in B.C. before September 1, 2027
Qualified B.C. expenditures for the tax year
Expenditure limit as defined in the federal Income Tax Act

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Qualifying corporations that carry on scientific research and experimental development in British Columbia before September 1, 2027 are eligible for this grant. Canadian-controlled private corporations (CCPCs) may claim a refundable tax credit of 10% of their SR&ED qualified B.C. expenditures.

Corporations conducting scientific research and experimental development in B.C.
Canadian-controlled private corporations (CCPCs)

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There are types of companies that are not eligible for the Scientific Research and Experimental Development (SR&ED) tax credit in British Columbia:

Companies that do not carry out qualified SR&ED activities in B.C. before September 1, 2027
Companies that are not Canadian-controlled private corporations (CCPCs)

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Yes, eligible expenses for the British Columbia Scientific Research and Experimental Development (SR&ED) tax credit include qualified B.C. expenditures related to carrying out SR&ED activities before September 1, 2027.

Costs associated with scientific research and experimental development activities
Expenditures directly related to pursuing innovation and technological advancements
Materials, equipment, and salaries directly attributed to SR&ED projects

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For the British Columbia Scientific Research and Experimental Development (SR&ED) tax credit, the evaluation and selection criteria include the corporation's eligible SR&ED qualified B.C. expenditures and adherence to the eligibility requirements.

Corporation's SR&ED qualified B.C. expenditures for the tax year
Compliance with the expenditure limit
Corporation type (Canadian-controlled private corporation or other qualifying corporations)
Adherence to eligibility requirements
Timely submission of the claim within the specified deadline

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itbtaxquestions@gov.bc.ca

1-877-387-3332

Apply to this program

Scientific Research and Experimental Development (SR&ED) Tax Credit in British Columbia

Overview of the SR&ED Tax Credit

The Scientific Research and Experimental Development (SR&ED) tax credit in British Columbia is designed to support qualifying corporations that engage in eligible research and development activities. Canadian-Controlled Private Corporations (CCPCs) may claim a refundable tax credit of 10% of their SR&ED qualified B.C. expenditures, subject to certain limits and conditions. The SR&ED tax credit allows eligible corporations to offset a portion of their expenditures related to scientific research and experimental development, encouraging innovation and technological advancement. Both refundable and non-refundable tax credits are available, offering financial incentives for businesses to invest in R&D activities and contribute to economic growth. To claim the SR&ED tax credit, corporations must meet specific eligibility criteria and submit the necessary documentation, including the British Columbia Scientific Research and Experimental Development Tax Credit form. The credit must be claimed within the prescribed timeframe, ensuring timely processing and approval of the tax credit application. Overall, the SR&ED tax credit program in British Columbia plays a vital role in fostering innovation, enhancing competitiveness, and driving economic development through investments in research and development. By incentivizing corporations to pursue scientific and technological advancements, the tax credit contributes to a dynamic and progressive business environment in the province.