What is an SR&ED Project?

In layman's terms, an SR&ED project is a collection of related activities required to overcome scientific or technological uncertainties you encounter that will result in technological advancements for the company.  The project must be conducted using a systematic process of investigation or experimentation.

1.  The project’s success or failure is not a factor in determining its eligibility.

2.  Your SR&ED project is NOT EQUAL to your internal project, product or process being                      developed.

        a.  It could be a subset of your commercial project.

        b.  It could reach across several internal projects.

        c.  The project must be TECHNOLOGY based.

4.  Ultimately, your project is about the experimental process used to resolve scientific or                  technological problems, and what you learn as a result.  

Contact us for more details and a free eligibility assessment!

​

What is SR&ED?

SR&ED is the acronym used for the Scientific Research and Experimental Development tax incentive program.  This federal program encourages Canadian businesses of all sizes, in all sectors, to do R&D in Canada.

This program is administered by the Canada Revenue Agency (CRA); taxpayers apply for SR&ED tax credits as part of their annual tax return filing. 

Full details on the program can be found on CRA's SR&ED program website.​​

​