Scientific Research and Experimental Development Tax Credit

November 1, 2021

In Canada SME's Research & Development Tax Credit
Scientist conducting research

Up To A 35% Tax Credit Available to Canadian Businesses Conducting Research and Development

The Canada Revenue Agency is providing more than $3M in tax incentives through the Scientific Research and Experimental Development (SR&ED) program. This tax credit is used to encourage Canadian businesses of all sizes and in all sectors to conduct research and development in Canada.

These tax incentives come in three forms:

  •  An income tax deduction
  •  An investment tax credit (ITC)
  • A refund


Eligible Activities 

To qualify to receive an incentive through SR&ED, the research and/or development projects  must:

  • Be conducted in Canada
  • Be basic research, applied research or experimental development
  • Be conducted to gain new knowledge that helps to achieve your objectives or resolve a problem
  • Be a systematic investigation or search that is carried out in a field of science or technology by means of experiment or analysis

Funding Details

  • Canadian-controlled private corporations
    • Can earn a refundable ITC at a rate of 15% - 35% on qualified expenditures of $3 million or more
  • Individuals and trusts
    • Can earn a refundable ITC at a rate of 15%
  • Other corporations
    • Can earn a non-refundable ITC at a rate of 15%

Need some advice?

Not sure if your organization qualifies for government funding? Schedule a free assessment with us today.

Let's Connect
Language & Region

EN | FR | USA  

Legal

Privacy Policy

Terms of Use

Our Company

At GrantMatch, we acknowledge that our headquarters are situated on the Treaty Lands of the Mississaugas of the Credit First Nation, as well as the Traditional Territory of the Haudenosaunee, Huron-Wendat, and Anishinabek people. This land is covered by the “Dish With One Spoon” wampum agreement. We respectfully recognize that these lands’ original inhabitants and caretakers are First Nation and Métis people, and we are deeply grateful to be able to work on this land. As a remote team with employees across Turtle Island, also called North America, we would like to acknowledge the importance of the land that each of our team members calls home. GrantMatch actively encourages employees to learn about the history of the land on which they are situated and their local Indigenous peoples.