It's February and the allure of fresh powder, and the
promise of a cold pint have brought you "up the hill" for
a great day on the slopes. Excitedly sitting on the chair lift you
can't imagine what could be better than shredding the mountain
right now. To be honest, I can think of a multitude of things
– mainly because I dislike the cold and barely tolerate
winter. One of those things is writing on the Scientific Research
and Experimental Development or "SR&ED" (pronounced
"SHRED" – the potential winter wordplay is
endless...) program.
What is the SR&ED program?
The SR&ED program is a federal tax incentive program that is
designed to encourage Canadian businesses to conduct research and
development (R&D) in Canada. The program can give claimants
cash refunds and/or tax credits for their expenditures on eligible
research and development costs incurred. The Canada Revenue Agency
(CRA) administers the program (and most of the associated
provincial or territorial
