Updated July 2026 · Verified against Government of British Columbia / Canada Revenue Agency (CRA) guidelines
Tax Credit Provincial Active

British Columbia Scientific Research and Experimental Development (SR&ED) Tax Credit

Government of British Columbia / Canada Revenue Agency (CRA)
Maximum Credit
Refundable tax credit of 10% of the lesser of BC qualified...
Must be claimed no later than 18 months after the end of the tax year in whic...
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Difficulty
Moderate
Payment
Varies
Trend
Stable
First-Timers
Credit rate
Varies
British Columbia Scientific Research and Experimental Development (SR&ED) Tax Credit provides up to Refundable tax credit of 10% of the lesser of BC qualified SR&ED expenditure or the expenditure limit ($6M for tax years beginning on or after December 16, 2024); non-refundable 10% credit on excess expenditures. British Columbia offers a 10% refundable tax credit on BC qualified SR&ED expenditures up to a $6 million expenditure limit for tax years beginning on or after December 16, 2024, plus a 10% non-refundable credit on excess amounts. Must be claimed no later than 18 months after the end of the tax year in which the qualified expenditures are incurred.
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Program Description

British Columbia offers a 10% refundable tax credit on BC qualified SR&ED expenditures up to a $6 million expenditure limit for tax years beginning on or after December 16, 2024, plus a 10% non-refundable credit on excess amounts. CCPCs and eligible Canadian public corporations can claim the refundable credit; all qualifying corporations can claim the non-refundable credit.

Eligibility Requirements

  • Qualifying corporation incurring BC qualified SR&ED expenditures
  • CCPCs may claim the refundable credit
  • Eligible Canadian public corporations may claim the refundable credit for tax years beginning on or after December 16, 2024
  • All qualifying corporations may claim the non-refundable credit on excess expenditures
Provinces
Industries
Technology Research
Business Stage
Startup Growth Established

Quick Assessment

Difficulty
Moderate
Competition
Low
First-Timer
Not rated

Funding Details

Amount
Refundable tax credit of 10% of the lesser of BC qualified SR&ED expenditure or the expenditure limit ($6M for tax years beginning on or after December 16, 2024); non-refundable 10% credit on excess expenditures
Type
Tax Credit
Level
Provincial
Deadline
Must be claimed no later than 18 months after the end of the tax year in which the qualified expenditures are incurred

Program Scorecard

Competition, effort, and approval at a glance

Competition
Low
Deadline
Ongoing
Approval
Varies
Accessibility
--/5
Competition
--/5
Approval Rate
--%
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Insider Tip

B.C. Budget 2026 made this credit permanent, expanded the refundable credit to eligible Canadian public corporations, and restored capital expenditures as BC qualified expenditures — all for tax years beginning on or after December 16, 2024. Use the $6 million expenditure limit, and note the refundable credit phases out as prior-year taxable capital runs from $15 million to $75 million. File Form T666 with your T2 within 18 months of year end.

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Application Playbook

Step-by-step process, required documents, and expenses

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Required Documents 6

T2 Corporation Income Tax Return
Form T666 — British Columbia Scientific Research and Experimental Development Tax Credit
Schedule 5, Tax Calculation Supplementary - Corporations (line 659 non-refundable / line 674 refundable)
Federal SR&ED claim documentation (T661)
Financial statements
Records of BC qualified SR&ED expenditures, including capital expenditures

Deadline Notes

Permanent credit — Budget 2026 made the B.C. SR&ED tax credit permanent (previously scheduled to expire). You must claim it no later than 18 months after the end of the tax year in which the qualified expenditures are incurred.

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