The SR&ED tax credit program (R&D Tax Credits)
The (SR&ED) tax credit program (Scientific Research and Experimental Development), also know as the R&D tax credit program, is a financial incentive endorsed by both Revenue Canada and Revenu Québec to encourage innovation, creation, invention, improvement and development of new skills within your company. This program is open to all industries and offers the largest source of financial support through reimbursement of your investments in research and development (R&D). In most cases, these payments are made by check.
Companies eligible for SR&ED tax credits
Canadian based private corporations, and sole proprietorships, partnerships, trusts and Canadian public companies are eligible for SR&ED tax credits.