Canada's Scientific Research and Experimental Development (or "SR&ED") tax credit program provides generous incentives for companies that conduct scientific research and development.

The Income Tax Act defines scientific research and experimental development as: "a systematic investigation or search carried out in a field of science or technology by means of experiment or analysis…" (ITA, Subsection 248(1))

Typical Canadian corporations can receive a federal tax credit or refund of 35% of their eligible research expenses each year. Ontario supplements this with an additional 10% tax credit based on the same criteria and claim. (Most other provinces offer supplemental research tax credits as well; please speak with us for details.) Your company may qualify for a generous tax credit or a refund cheque if the credit exceeds your taxes due.

For more information, click the subject headings to the left. If you would like to speak with a representative, please call 1-888-NJROBBINS (1-888-657-6224).