Scientific Research and Experimental Development (SR&ED) Tax Credit

The Scientific Research and Experimental Development (SR&ED) Tax Credit is a government incentive designed to encourage businesses to invest in innovation. It offers tax credits or refunds to companies that perform qualified research and development (R&D) activities in Canada. These activities must aim to create new or improved products, processes, or technologies through systematic investigation and experimentation. The program helps offset R&D costs, making innovation more affordable and encouraging Canadian businesses to develop advanced solutions, enhance productivity, and stay competitive in the global market.