Get ready to claim - Claim the SR&ED investment tax credit
Get ready to claim
On this page
- What you need to know first
- Information for first-time claimants
- When to claim the investment tax credit
- What forms to use
What you need to know first
Before you can begin the application process to claim the Scientific Research and Experimental Development (SR&ED) investment tax credit (ITC), you need to:
- identify what work is eligible
- complete the required forms
- calculate your SR&ED expenditures
- calculate your qualified SR&ED ITC's
- keep technical and financial information to support your claim
Provincial and territorial tax incentives
Provincial and territorial tax incentives may also be available for your qualified SR&ED expenditures. The following provinces and territory currently offer a tax credit program for R&D:
- Alberta
- British Columbia
- Manitoba
- New Brunswick
- Newfoundland and Labrador
- Nova Scotia
- Ontario
- Northwest Territories
- Nunavut
- PEI
Contact your provincial or territorial tax authority to determine whether the tax credits are still available or see Summary of provincial and territorial research and development (R&D) tax credits.
Information for first-time claimants
If you're claiming for the first time and you're not sure if you can claim the credit, use our Self-Assessment and Learning Tool (SALT). SALT will help you understand if your project (or a portion of your project) may qualify as SR&ED.
After you claim, you may also be selected to receive our First-Time Claimant Advisory Service, which will provide tailored SR&ED information and recommendations.
You can also contact us with any questions you have about claiming the SR&ED ITCs.
When to claim the investment tax credit
You must report the SR&ED expenditures and submit your ITC claim no later than 12 months after your business, corporation or trust income tax return is due.
For more information on the SR&ED reporting deadlines see the SR&ED Filing Requirements Policy.
What forms to use
Corporations
To claim an ITC, use:
- Form T661 Scientific Research and Experimental Development (SR&ED) Expenditures Claim
- Schedule T2SCH31, Investment Tax Credit – Corporations
Individuals
To claim an ITC, use:
- Form T661 Scientific Research and Experimental Development (SR&ED) Expenditures Claim
- Form T2038(IND), Investment Tax Credit – Individuals
Make sure to keep all information that supports the work and expenditures claimed.
- Date modified: