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...
Difficulty
Moderate
Payment
Tax Credit Offset
Trend
Stable
First-Timers
Friendly ✓
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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Eligibility & Details
What this program funds and who can apply
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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
Business Stage
Quick Assessment
Difficulty
Moderate
Competition
Low
First-Timer
Friendly
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
Entitlement
Accessibility
--/5
Competition
--/5
Approval Rate
--%
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How to claim
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Insider TipB.C.
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Rejection Pitfalls 10
- Underlying work fails the federal SR&ED test — no technological uncertainty, systematic investigation or advancement, adjudicated by CRA
+9 more pitfalls
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Success Profile
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Evaluation Criteria
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All 10 pitfalls, the checklist and the reviewer notes are in the Playbook below. See what it includes ↓
What's in this Playbook
Everything you need to claim British Columbia Scientific Research and E...
Not a marketing summary. The actual checklist, intel, and stack strategy reviewers look for.
- 10 rejection pitfalls reviewers flag — so you catch them first
- 6-document checklist with what each reviewer is actually checking
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- Insider tip from program officers on what separates winners
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Application Playbook
Step-by-step process, required documents, and expenses
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5 steps
6 docs
Application Steps
1
Confirm the corporation qualifies You are eligible for a taxation year if you are "a corporation with a permanent establishment in British Columbia during the taxation year," you "carried on qualifying SR&ED in British Columbia," and your corporation is not exempt from B.C. income tax under section 27 of the B.C. Income Tax Act, not controlled by persons whose taxable income is exempt, and not an employee venture capital corporation or a small business venture capital corporation. Individuals are not eligible. Active members of a partnership may claim a proportionate share of the partnership's BC qualified expenditure for the non-refundable credit.
Required Documents 6
✓ T2 Corporation Income Tax Return
✓ Form T666 — British Columbia Scientific Research and Experimental Development Tax Credit
Eligible Expenses 7
Ineligible Expenses 6
Claim timing
Deadline Notes
Ineligible Organizations
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Funding Stack Strategy
Compatible programs, clawback risk, and combined funding potential
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1 partners
Compatible Programs
Federal SR&ED Investment Tax Credit (ID 4)
Combined Funding Potential
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Clawback Risk
Medium Risk
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How British Columbia Scientific Research and E... Compares
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Frequently Asked Questions
Quick answers to the questions founders most often ask about British Columbia Scientific Research and E...
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Is the B.C. SR&ED credit still expiring?
No. Budget 2026 made the scientific research and experimental development tax credit permanent — it previously carried a sunset date. Budget 2026 also expanded the refundable credit to eligible Canadian public corporations for tax years beginning on or after December 16, 2024.
How much can I actually get back in cash?
The refundable credit is 10% of the lesser of your BC qualified SR&ED expenditure and the federal expenditure limit, which rose to $6 million for tax years beginning on or after December 16, 2024 — so up to $600,000 a year. Spending above that earns a 10% non-refundable credit instead.
Who can claim the refundable version rather than the non-refundable one?
Canadian-controlled private corporations, and since Budget 2026 eligible Canadian public corporations, for tax years beginning on or after December 16, 2024. All other qualifying corporations claim the non-refundable credit, which is limited to the corporation's income tax payable for the year and carries forward 10 years or back 3.
What is the filing deadline and which forms do I need?
Complete Form T666 and file it with your T2 return, entering the non-refundable credit on line 659 and the refundable credit on line 674 of Schedule 5. You must claim no later than 18 months after the end of the tax year in which the qualified expenditures were incurred.
Can I lose the credit after I've claimed it?
Yes, two ways. If you dispose of SR&ED property or convert it to commercial use within 10 years of acquiring it, a recapture increases your B.C. tax payable or reduces your refund. And CRA, which audits B.C. claims for the province, can reduce the underlying federal SR&ED base.
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Full Playbook: British Columbia Scientific Research and E...
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