Scientific Research and Experimental Development (SR&ED) tax incentives

The Scientific Research and Experimental Development (SR&ED) tax incentives are intended to encourage businesses to conduct research and development in Canada.

Corporations, individuals, trusts, and partnerships that conduct eligible work may be able to claim SR&ED tax incentives for the year.

There are 2 tax incentives:

• Claim a deduction against income
• Earn an investment tax credit (ITC)

To benefit from the incentives, you must link your eligible work to expenditures you can claim.

Claimants should submit their SR&ED claim with their income tax return for the year.