Updated March 2026 · Verified against Canada Revenue Agency guidelines
▲ Growing ✓ First-Timer Friendly Tax Credit Offset Est. 1986
Tax Credit Federal Active

Scientific Research and Experimental Development (SR&ED)

Canada Revenue Agency
Maximum Funding
Up to 35% refundable ITC (enhanced rate...
Ongoing
Visit Official Program →
Difficulty
Hard
Payment
Tax Credit Offset
Trend
Growing
First-Timers
Friendly ✓
Co-Funding
35%
Scientific Research and Experimental Development (SR&ED) provides up to Up to 35% refundable ITC (enhanced rate for CCPCs on first $6M); 15% non-refundable for others. Combined federal+provincial can exceed 50%. tax incentive program that encourages Canadian businesses to conduct research and development in Canada. Applications are accepted on an ongoing basis. (As of March 2026, verified against Canada Revenue Agency program guidelines)

Eligibility & Details

What this program funds and who can apply

Free

Program Description

Federal tax incentive program that encourages Canadian businesses to conduct research and development in Canada.

Eligibility Requirements

  • Canadian business conducting qualifying R&D activities (technological uncertainty, systematic investigation, technological advancement)
  • Must be filing Canadian corporate or business taxes and reporting income in Canada
  • R&D work performed in Canada
  • Claim filed within 18 months of fiscal year-end (absolute deadline, no extensions)
  • Contemporaneous technical documentation maintained throughout the R&D project
  • For the enhanced 35% refundable rate: must be a Canadian-Controlled Private Corporation (CCPC) with taxable income under $800K and taxable capital under $50M
Provinces
All Provinces
Industries
All
Business Stage
Startup Growth Expansion

Quick Assessment

Difficulty
Hard
Competition
Low
Est. Hours
40h
First-Timer
Friendly

Funding Details

Amount
Up to 35% refundable ITC (enhanced rate for CCPCs on first $6M); 15% non-refundable for others. Combined federal+provincial can exceed 50%.
Type
Tax Credit
Level
Federal
Co-Funding
Up to 35% of eligible costs
Deadline
Ongoing

Program Scorecard

Competition, effort, and approval at a glance

Hybrid
Competition
Low
Effort
~40 hours
Approval
Entitlement
Accessibility
--/5
Competition
--/5
Approval Rate
--%

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What You Need to Get Approved
Everything reviewers look for — so you apply with confidence, not guesswork

How to Win

Insider tips, common pitfalls, and what successful applicants look like

Premium
Insider Tip

Document as you go — CRA's single biggest audit trigger is reconstructed-after-the-fact documentation. Keep weekly or biweekly technical logs during the project, not at year-end. Second: most denied claims fail on the technical narrative in Form T661, not the financials. Use CRA's five-question framework explicitly in your project descriptions. Third: consider the new voluntary pre-claim approval process (launching April 2026) for large or novel projects — 90-day turnaround gives certainty before you invest in full claim preparation. Finally: hire a consultant for your first 1-2 claims but learn the process — many companies switch to in-house preparation after building internal expertise, saving 15-20% in consultant fees.

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Rejection Pitfalls 8

  • Work described as routine engineering or standard practice rather than addressing a genuine technological uncertainty
  • Vague, generic, or boilerplate technical descriptions in Form T661 — failing to articulate specific hypotheses and experiments
  • Lack of contemporaneous documentation — records created retroactively or insufficient to support claimed hours/activities
+5 more pitfalls

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Success Profile

Software companies and tech startups benefit most — software development accounts for 40.8% of all ITCs allowed. Ideal claimant is a CCPC with under $500K taxable income and under $15M taxable capital (qualifies for full enhanced rate), employing 3-20 developers/engineers who spend at least 30-50% of their time on eligible R&D. Companies in manufacturing, medical devices, biotech, and clean technology are also strong fits. First-time claimants with good documentation often succeed — 90% acceptance rate.

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Evaluation Criteria

SR&ED is an entitlement program — not scored competitively. CRA evaluates claims against the five-question eligibility framework: (1) Was there a technological uncertainty? (2) Did the work involve a systematic investigation? (3) Was there a technological advancement? (4) What was the technological content? (5) Was the work related to the business? Claims are either accepted or denied based on meeting these criteria. 90% are accepted as filed.

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Application Steps

1 Document Throughout the Year Maintain contemporaneous technical records as you perform R&D: lab notebooks, design documents, test logs, meeting minutes, emails. Track employee time allocated to SR&ED projects weekly or biweekly. This is the most critical step — retroactive documentation is the #1 audit trigger.
2 Identify Qualifying Projects At year-end, review all development work against CRA's five-question framework to identify projects involving genuine technological uncertainty, systematic investigation, and technological advancement.
3 Calculate Eligible Expenditures Tally eligible costs by category: salaries (direct + proportional), materials consumed, subcontractor payments (at 80%), and overhead (55% proxy on salaries). Deduct any government assistance (IRAP, other grants) received for overlapping expenses.
+4 more steps

Required Documents 9

Form T661 — SR&ED Expenditures Claim (all parts, including Part 2 project descriptions and Part 9 claim preparer info)
Schedule T2SCH31 — Investment Tax Credit calculation
T2 Corporate Income Tax Return
Contemporaneous technical records (lab notebooks, design docs, test logs, meeting minutes, emails)
Time tracking records allocating employee hours to SR&ED projects
Payroll records supporting salary/wage claims
Subcontractor invoices and contracts (if applicable)
Materials cost documentation
Financial statements supporting overhead calculations

Eligible Expenses 6

  • Salaries and wages of employees directly performing SR&ED work, including employer contributions (CPP, EI, health taxes)
  • Materials consumed or transformed during R&D experimentation (prototypes not sold commercially)
  • Subcontractor payments at 80% of arm's-length costs for SR&ED performed in Canada
  • Overhead via proxy method — 55% of eligible salaries automatically covers rent, utilities, and shared equipment
  • Capital expenditures for equipment acquired after December 16, 2024, used 90% or more for SR&ED activities (new for Budget 2025)
  • Third-party payments to universities, colleges, and approved research institutes

Ineligible Expenses 7

  • Materials used in commercial production or sold commercially
  • Subcontractor payments to non-arm's-length parties without proper documentation
  • Equipment used for both R&D and production (unless 90%+ R&D use)
  • General office equipment, furniture, and vehicles (except specialized R&D vehicles)
  • Building and leasehold improvement costs
  • Market research, sales, and marketing activities
  • Quality control and routine testing not connected to resolving technological uncertainty

Intake Periods

Continuous — claims can be filed at any time within the 18-month deadline after fiscal year-end. No intake windows or competition rounds. Filing with the T2 return (6 months after year-end) is recommended for fastest processing.

Deadline Notes

This is an absolute deadline with no extensions. Strategic tip: file as early as possible — claims filed with the T2 return (6 months after year-end) are processed fastest. Late claims (close to the 18-month deadline) still qualify but face longer queues. The new 45-day processing target (effective April 2026) applies only to timely, non-reviewed refundable claims.

Open Application Portal →

Ineligible Organizations

  • Tax-exempt entities (registered charities, most non-profit organizations) — though taxable subsidiaries may claim
  • Organizations not conducting business in Canada
  • Businesses performing R&D work entirely outside Canada

Get the step-by-step application guide — documents, timeline, and what to prepare. Unlock with Premium →

Compatible Programs

NRC IRAP Provincial R&D tax credits CanExport Innovation MITACS NSERC BDC loans/financing Ontario ORDTC/OITC, Quebec R&D Credit, BC SRITC, Alberta IEG
Combined Funding Potential See your total funding potential

Clawback Risk

Low Risk

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Stacking amounts, clawback details, government stacking limits, and tax implications
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How Scientific Research and Exp... Compares

Side-by-side with similar programs

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