Corporations eligible for SR&ED tax credits must be Canadian-owned, and the R&D activities must occur in Canada. If a company’s research and development activities occur in both domestic and foreign spheres, only domestic activities will be considered eligible. Activities must be scientific and/or technical in nature.

The image of “research and development” often conjures up images of people wearing white coats in laboratories full of test tubes. While there are many instances of R&D activities in such environments, R&D conducted on the shop floor is equally eligible; in fact, the majority of our clients are shop-floor innovators.

Approved activities include:

• Experimental Development

• Applied Research

• Basic Research

• Support Work

For a more detailed look at SR&ED eligibility, please examine the ELIGIBLE R&D section of the website.