Changes to SR&ED Tax Credit in 2019 Federal Budget Enables Increased Investment in Innovation
What is SR&ED? Canada’s Scientific Research and Experimental Development (SR&ED) tax credit incentive program provides more than $3 billion in tax incentives to over 20,000 claimants annually. It is the single largest federal program that supports business research and development (R&D) in Canada. SR&ED provides small and medium-sized CCPCs (Canadian controlled public corporations) with an…