The SR&ED tax credit is a Federal Government Program that rewards Canadian companies for taking technological risks. The program is administered through the Income Tax return and the reward is a function of the amount spent in the tax year on "Qualified Activities".
In recent years the Federal Government has provided over $3 billion of SR&ED credits to Canadian companies. Most claimants are small and medium sized businesses. CRA estimates that approximately 50% of the firms who qualify for SR&ED don't even apply.
Over the past 10 years we have helped our clients obtain more than $10 million in tax credits. Our success rate is 100%, with over 90% of the amounts claimed approved.
Unlike many government programs, no application is required before you undertake an SR&ED project. If the work done on the project meets the SR&ED requirements, then you are entitled to the reward. The requirements that must be met to qualify for the SR&ED tax credit are listed on the Rules page.