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ARTICLE · 23 MARCH 2015

SR&ED - Tax Incentives For Startups

Aird & Berlis LLP
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The Scientific Research and Experimental Development Program, also known as "SR&ED", is a federal tax incentive program for businesses carrying out eligible research and development activities.

CanadaCorporate/Commercial Law
Aird & Berlis LLP
Aird & Berlis LLP
Graham Topa
Graham Topa
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The Scientific Research and Experimental Development Program, also known as "SR&ED" (pronounced "shred"), is a federal tax incentive program for businesses carrying out eligible research and development activities. SR&ED can play an essential role in a startup's financing by extending runway until products or services can be monitized. SR&ED is not just for large businesses; startups have equal access to the program.

SR&ED is administered by the Canada Revenue Agency ("CRA") and is comprised of two main incentives: (1) income tax credits and (2) cash refunds based on eligible SR&ED expenditures. The Canadian government's purpose behind SR&ED is to support research in Canada, retain skilled labour and develop leading-edge technologies.

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