SR&ED (Scientific Research & Experimental Development) is a government program that rewards companies that perform R&D in Canada. The program makes Canada a more economically competitive and technologically advanced nation and it has been in existence since the 80’s. The Canadian incentive program is one of the most generous R&D programs in the world. This is not a grant – you are entitled to this money under the Income Tax Act.
Most incorporated academics qualify for the SR&ED Program.
If you answer yes to any of the following questions you could be sitting on an untapped refund.
Are you an incorporated academic? Do you have a BN?
Are you a CRO (Clinical Research Organization) involved in pharmaceutical trials?
Do you conduct formal or informal research or studies in a field of physical science, technology, or medicine?
Are you associated with an academic institution or hospital?
Are you affiliated with any research organization, association, not-for-profit, or charity?
Have you been recruited to participate in any formal study?
Have you participated in data collection for any formal study?
There are only 3 criteria for eligibility plus evidence.
- Scientific uncertainty
- Scientific advancement
- Systematic investigation
- Scientific content and evidence