SR&ED Tax Credit (Scientific Research & Experimental Development)

About this program

Canada's largest R&D program. CCPCs can claim 35% refundable tax credit on first $3M of eligible R&D expenditures. Large corporations get 15% non-refundable credit. Applied through T661 form on corporate tax return.

What this program funds

The SR&ED Tax Credit is Canada's largest research and development program, administered by Canada Revenue Agency as a federal tax credit. The program supports eligible R&D work in sectors including information technology, life sciences and biotech, clean technology, and manufacturing.

Canadian-controlled private corporations (CCPCs) can claim a 35 percent refundable tax credit on the first $3 million of eligible R&D expenditures. Large corporations are eligible for a 15 percent non-refundable credit. Both incorporated businesses and SMEs can apply.

Applicants claim the credit through Form T661, filed as part of their corporate tax return. Applications are accepted on a rolling basis with no set deadline.

Written by AI from this listing's own details, with no facts added. How we use AI. Always confirm the details on the funder's official page before applying.