There are many different categories of claims that are related to medicine: development of natural health products and pharmaceutical products, clinical trials, and medical research done by incorporated doctors.
Projects that involve clinical trials may be straightforward, … or not. Many clinical trials involve multiple parties (ie. corporate entities), and sometimes projects involve international parties. It’s necessary to understand Intellectual Property rights as they pertain to SR&ED in order to establish who is eligible to claim SR&ED credits in Canada.
Medical claims often involve a great deal of data and evidence. Make sure you’re organized in case CRA wants to review your evidence, especially timetracking.
Medical Doctors that are incorporated may be eligible for SR&ED credits for the work they do in their practice. Download our brochure for this sector.
One of the relevant Tax Court Cases in this industry is Hun-MediPharma. This informal case established that literature review is an eligible activity, and advancements in knowledge can be achieved through experimentation OR analysis.