Claim at year-endTax credit · Canada Revenue Agency
SR&ED tax credit
35% refundable on the first $6M of R&D
Canada's largest R&D incentive. Canadian-controlled private corporations get an enhanced, refundable credit on eligible salaries, materials and contractor costs.
How the money works
- Rate
- 35% refundable on the first $6M of eligible spending (CCPCs)
- Maximum refund
- Up to $2.1M a year
- Above the limit
- 15% non-refundable
- How
- Filed with your corporate tax return
- Stack with
- BC SR&ED credit (10% refundable)
Who may be eligible
- Work that resolves technological uncertainty, not routine development
- Contemporaneous records of the work and who did it
- Claim within 18 months of the tax year-end
Meeting these criteria does not guarantee funding. Canada Revenue Agency decides eligibility and approval for each application.
Details last checked October 22, 2026. Amounts and intake dates change; we confirm them with the program before you apply. Official program page.