SR&ED Credits for Canadian Business
SR&ED Tax Credits are available to a Canadian business in ANY industry that has contributed to the advancement of scientific knowledge or technology by creating new or improving upon existing products, processes, materials and devices.
Keep in mind SR&ED claims are “activity” specific, not “industry” specific, meaning a Canadian company in any industry is entitled to funding, provided they have completed one or more eligible SR&ED activities.
Has your business been?
If you have answered YES to any one of these questions, you are almost certainly eligible for SR&ED funding.
Here is a partial list of industries eligible for funding.
- Agricultural sciences
- Aerospace and aviation
- Chemical processing
- Computer science and information technology
- Design and construction
- Electronics and optics
- Food and beverage sciences
- Life and health sciences, including dentistry and orthodontics
- Information technology
- Machinery and equipment
- Manufacturing and processing
- Pattern, tool and die
- Plastic moldings, tool & die making, chemicals
- Printing and packaging