SR&ED for Start-ups

The SR&ED (Scientific Research & Experimental Development) program is a Canadian government initiative designed to encourage companies engaging in R&D within Canada. Established in the 1980s, it aims to bolster economic competitiveness and technological advancement. Unlike typical grants that require pre-approval, the SR&ED program operates retroactively, approving claims after a company’s fiscal year-end. This structure makes it one of the most generous R&D incentive programs globally, offering substantial benefits to startups focused on innovation and development.

Eligibility for SR&ED Tax Credits

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SR&ED Tax Credit Opportunities for Start-Ups

Could you be overlooking a potential refund? If you can affirmatively answer any of the queries below, your startup might be eligible for a significant SR&ED tax credit:

Is your startup officially incorporated in Canada and does it have a Business Number (BN)?
Does your business activity fall within the sectors of science, technology, or medicine?
Have you already incurred or are you planning to incur costs related to labor, subcontractors, materials, or overhead?
Have you developed any prototypes during your R&D efforts?
Are you encountering any technological or scientific uncertainties with your products, devices, or technologies?
Are you striving to contribute to the advancement of knowledge in the fields of technology, science, or medicine?

If “yes” applies to any of these, you might have unclaimed credits through Canada’s SR&ED program.

SR&ED Qualification for Start-Ups

For eligibility, there are three primary criteria along with necessary evidence:

SR&ED for Start-ups