Scientific Research and Experimental Development (SR&ED) Tax Incentive Program
The SR&ED program is a federal tax incentive program administered by the Canada Revenue Agency (CRA) that encourages Canadian businesses of all sizes and in all sectors to conduct research and development (R&D) in Canada. There are two tax incentives: claim a deduction against income or earn an investment tax credit (ITC)
At a glance
Eligible Funding
- No Condition
Timeline
- Open Date : March 08, 2024
Financing Type
Tax Credits
Eligible Industries
- All industries
Grant Providers
- Canada Revenue Agency
- Government of Canada
Status
Open
Overview
The Scientific Research and Experimental Development (SR&ED) Tax Incentive Program is a government initiative designed to encourage research and development (R&D) activities among Canadian businesses of all sizes and across various industries. Through this program, eligible businesses can receive substantial tax credits for expenditures related to scientific research and experimental development projects undertaken in Canada.
Apply to this program
